U.S. Stocks Rise as Fed Signals Possible 2022 Interest-Rate Hike

U.S. stocks staged a comeback from their September rout Wednesday after the Federal Reserve signaled that it could begin to reduce its bond purchases soon and raise interest rates as early as next year.

All three major U.S. indexes finished the day higher, marking the first day of gains for the S&P 500 and Dow Jones Industrial Average after a punishing four-session losing streak. Both indexes finished the day up 1% to record their largest one-day gain since July.