US STOCKS-Wall St extends gains following Fed minutes

miércoles 9 de abril de 2014 14:37 GYT
 

* Minutes show Fed officials unanimous in changing rates guidance

* Major indexes hit session highs following Fed minutes

* Indexes up: Dow 1 pct, S&P 0.9 pct, Nasdaq 1.4 pct (Updates with Fed minutes)

By Angela Moon

NEW YORK, April 9 (Reuters) - U.S. stocks jumped on Wednesday, with the three major indexes hitting session highs, after minutes from the Federal Reserve's latest policy meeting showed a more supportive central bank than previously expected.

The Dow and the Nasdaq rose more than 1 percent with internet and biotech stocks leading the gains. Facebook shares jumped 5.6 percent to $61.45.

Fed policymakers were unanimous in wanting to ditch the thresholds they had been using to telegraph a policy tightening, according to minutes of a meeting last month that shed little new light on what might prompt an eventual interest-rate rise.

"People are taking solace in the idea that the Fed may be more accommodative than previously thought, for longer than previously thought," said Steve Sosnick, equity-risk manager at Timber Hill/Interactive Brokers Group in Greenwich, Connecticut.

"That's giving the lift to stocks."   Continuación...