Wall Street scales record high as Fed remains dovish

Dow, S&P 500 and Nasdaq all reacted positively with the non-tech based Index hitting record high as the US central bank reiterated it was no hurry to lift rates despite signs the recovery is taking shape.

As Fed reassured it will support the economy as long as it takes and the bulls on cue pushed the Dow Jones Industrial Average to its first close above 33,000 with a gain of 189 points. The S&P 500 also notched a record close and rose 0.3% to 3,974 after falling 0.7% earlier .

Tech Index Nasdaq Composite, which had fallen as much as 1.5%, wiped out its early losses and ended the day 0.4% higher as yields eased though mildly from it's pre-pandemic level.