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NEW YORK, Dec 17 (Reuters) - U.S. stocks extended gains on Wednesday after the Federal Reserve gave a strong signal that it was on track to raise interest rates sometime next year, suggesting confidence in the U.S. economy.
At 2:04 p.m., the Dow Jones industrial average rose 248.56 points, or 1.46 percent, to 17,317.43, the S&P 500 gained 32.99 points, or 1.67 percent, to 2,005.73 and the Nasdaq Composite added 63.71 points, or 1.4 percent, to 4,611.55. (Reporting by Caroline Valetkevitch; Editing by Nick Zieminski)