US STOCKS-Wall St soars after Fed minutes signal support

miércoles 9 de abril de 2014 17:09 GYT

* Minutes: Fed officials unanimous in changing rates guidance

* Major indexes hit session highs following Fed minutes

* Dow up 1.1 pct; S&P 500 up 1.1 pct; Nasdaq up 1.7 pct (Updates to close)

By Angela Moon

NEW YORK, April 9 (Reuters) - U.S. stocks rallied on Wednesday after minutes from the Federal Reserve's latest policy meeting showed a more supportive central bank than investors had previously expected.

All three major U.S. stock indexes ended up more than 1 percent, with eight of the 10 S&P 500 sector indexes closing higher. Internet and biotech stocks were among the day's biggest gainers.

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...