Article: Stocks rally on Fed news

NEW YORK - The Federal Reserve gave Wall Street the positive economic outlook investors have been seeking, and stocks rallied even though the central bank declined to lower interest rates again.

Investors have been anxiously awaiting word that the recession has ended, and a Fed statement Wednesday that "economic activity is beginning to firm" brought buyers back into the market. The market's upturn contrasted with lackluster trading earlier Wednesday and with a big selloff Tuesday, when investors ditched shares on concerns about companies' accounting practices.

"The Fed indicated there are signs of improving economic activity. The comment was made that while we are not yet out of the woods, ...

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