Expectation Of Steady Interest Rates Lift Markets To Higher Close

The markets surged to a higher close as investors became more confident that the Fed will hold interest rates steady. The Dow leaped 159 points to 12,448 while Nasdaq soared 48 points to 2456. S&P 500 jumped 24 points to 1435. The 30-year bond inched up as the yield eased to 4.696%.