U.S. stocks rose for the fifth consecutive day Wednesday as investors went on a late buying spree. The Standard & Poor's 500 index closed at a record high. Investors approved of the Federal Reserve's plans to start reducing its huge portfolio of bonds.
On Wednesday:
The Standard & Poor's 500 index jumped 5.97 points, or 0.2 per cent, to 2,404.39.
The Dow Jones industrial average climbed 74.51 points, or 0.4 per cent, to 21,012.42.
The Nasdaq composite advanced 24.31 points, or 0.4 per cent, 6,163.02.
The Russell 2000 index of small-company stocks inched up 1.53 points, or 0.1 per cent, to 1,382.51.
For the week:
The S&P 500 is up 22.66 points, or 1 per cent.
The Dow is up 207.58 points, or 1 per cent.
The Nasdaq is up 79.32 points, or 1.3 per cent.
The Russell 2000 is up 15.18 points, or 1.1 per cent.
For the year:
The S&P 500 is up 165.56 points, or 7.4 per cent.
The Dow is up 1,249.82 points, or 6.3 per cent.
The Nasdaq is up 779.91 points, or 14.5 per cent.
The Russell 2000 is up 25.38 points, or 1.9 per cent.
This content appears as provided to The Globe by the originating wire service. It has not been edited by Globe staff.