--- description: The Dow Jones, S&P and Nasdaq all recovered from Tuesday’s downturn title: Wall Street Rallies as Fed Suggests Rates to Remain Low image: https://static.time.com/v3/assets/bltea6093859af6183b/bltde093bcdab65f2d0/6988d9b9bc6cfc69913e2a3c/time-logo.jpg?branch=production --- * [World](/section/world/) ## World Update your preferences in [Account Settings](/account/preferences/) Close * [Markets](/tag/markets/) ## Markets Update your preferences in [Account Settings](/account/preferences/) Close # Stocks Rally as Fed Indicates No Imminent Rate Change  by [Denver Nicks](/author/denver-nicks/)  ## Denver Nicks Update your preferences in [Account Settings](/account/preferences/) Close May 21, 2014 8:24 PM CUT  by [Denver Nicks](/author/denver-nicks/)  ## Denver Nicks Update your preferences in [Account Settings](/account/preferences/) Close May 21, 2014 8:24 PM CUT U.S. stocks [rebounded](http://www.cnbc.com/id/101692838 "undefined") Wednesday from a sharp decline Tuesday after minutes released from the latest meeting of the Federal Reserve indicated interest rates aren’t likely to climb significantly in the short term. The Dow Jones Industrial Average climbed nearly 160 points to 16,533.06 for a strong gain of 0.97%. The S&P 500 rose 15.20 points to 1,888.03 while the Nasdaq climbed 0.85%, or 34.65 points, to 4,131.54\. Stocks fell on Tuesday after a Fed official suggested an interest rate hike could come sooner than expected. Markets reacted to the release of minutes from the most recent meeting of the Federal Reserve, , in which central bankers indicated that the economy is gaining strength and employment is improving but they aren’t like to impose a sharp increase in interest rates in the near term, [CNBC](http://www.cnbc.com/id/101692838 "undefined") reports. ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/108118/us-stocks-rally-fed-interest-rates/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/108118/us-stocks-rally-fed-interest-rates/"},"headline":"Stocks Rally as Fed Indicates No Imminent Rate Change","datePublished":"2014-05-21T20:24:24.000Z","dateModified":"2026-02-21T07:58:50.680Z","description":"The Dow Jones, S&P and Nasdaq all recovered from Tuesday’s downturn","url":"https://time.com/108118/us-stocks-rally-fed-interest-rates/","keywords":["Markets","Federal Reserve","stocks","wall street","Fed","interest rates"],"thumbnailUrl":"","author":[{"@type":"Person","name":"Denver Nicks","jobTitle":null,"url":"https://time.com/author/denver-nicks/"}],"articleSection":"World","image":[],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/world/","name":"World"}},{"@type":"ListItem","position":2,"item":{"@id":"/tag/markets/","name":"Markets"}},{"@type":"ListItem","position":3,"item":{"@id":"https://time.com/108118/us-stocks-rally-fed-interest-rates/","name":"Stocks Rally as Fed Indicates No Imminent Rate Change"}}]}] ```