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US stocks ended sharply higher on Wednesday after a volatile session as the Federal Reserve gave a vote of confidence in the US economy by signaling a December interest rate hike was still on the table.
The Dow Jones industrial average rose 198.09 points, or 1.13 percent, to 17,779.52, the S&P 500 gained 24.46 points, or 1.18 percent, to 2,090.35, its highest in more than two months. The Nasdaq Composite added 65.55 points, or 1.3 percent, to 5,095.69, while the Nasdaq 100 index of biggest non-financial names rose 0.9 percent to 4,678.57, just shy of a 15-year high.
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