Fed says economic growth picks up, announcing continued cuts in QE

Wednesday U.S. stock market closed, the S & P 500 index hit a new high. The Fed said economic growth had warmed up, announcing continued cuts in QE and reiterated that it would maintain a policy of low interest rates for "quite a long time". Fed Chairman Yellen's speech on the economy and the job market was welcomed by the market. China's concept stocks rose in Wednesday, and the art Dragon Rose 13.59% to 16.72 dollars.

US-East Time June 18 16:00 (Beijing time June 19 04:00), the Dow Jones industrial average rose 98.26 points, closed at 16,906 75 points, or 0.58%, and the standard and poor 500 index rose 15, at 1,956 99, or 0.77%; The Nasdaq composite index rose 25.6 points to 4,362.84, or 0.59%.

China concept stocks rose in Wednesday, 5 shares rose more than 6%, art Dragon Rose 13.59% reported 16.72 U.S. dollars, blue Flood rose 8.5% reported 17.1 U.S. dollars, the technology rose 7.26% reported 11.96 U.S. dollars, Sky Rose 6.86% reported 7.17 U.S. dollars, century interconnection rose 6.04% USD 29.31, 5 shares fell more than 2%, of which is guaranteed distance education fell 9.15% reported 15.89 U.S. dollars, 500 lottery net fell 2.95% reported 31.87 U.S. dollars, gathered time to fall 2.37% reported 73.39 U.S. dollars, Zhaopin fell 2.18% reported 14.8 U.S. dollars.