US stocks raced ahead on Wednesday afternoon after the Federal Reserve kept interest rates unchanged, while weaker-than-expected economic data eased concerns of an overheating economy.
US stocks rebounded strongly on Monday as investors hunted for bargains after the S&P 500 touched a five-month low ahead of a busy week for earnings, data and central bank action.
US equity markets dropped on Wednesday, though the Nasdaq bore the brunt of the selling pressure after the tech-heavy index was hammered by disappointing results from Google parent Alphabet.