US stocks continue Fed-driven rally



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Last Updated at 19 Dec 2014, 10:01 ET *Chart shows local time Dow Jones intraday chart
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(Close): US stocks closed at record highs on Thursday, continuing a rally sparked by the Federal Reserve.

On Wednesday, the US central bank pledged to be "patient" when it came to raising rates, which investors read as no increase before mid-2015.

The Dow Jones added 421.28 points - the biggest one-day gain in nearly three years - to end at 17,778.15.

The S&P 500 added 48.34 points to 2,061.23 while the Nasdaq climbed 104.08 points to 4,748.40.

Energy firms such as Chevron were among the top risers as the price of oil rose.

Brent crude was up more than 1% at $61.91 a barrel, having been below $59 a barrel earlier in the week.

Shares in technology firm Oracle also surged over 10% after it reported better-than-expected results.

And car rental operator Hertz saw its share price rise over 5% after activist investor Carl Icahn disclosed he had taken a sizeable stake in the firm.

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