U.S. stock indexes closed up 1 percent Wednesday after the U.S. Federal Reserve cut short-term interest rates by a quarter-point to 4.5 percent.
The Dow Jones industrial average rose 137.54 points, or 1 percent, to 13,930.01. The broader Standard & Poor's 500 Index gained 18.36 points, or 1.2 percent, to 1,549.38.
On the New York Stock Exchange, 2,392 stocks rose and 864 declined, on composite volume of 4 billion shares traded.
The technology-heavy Nasdaq Composite Index advanced 42.41 points, or 1.51 percent, to 2,859.12.
In London, the FTSE 100 index closed up 42.20 points, or 0.63 percent, at 6,701.20.
Japan's Nikkei 225 stock index finished down 86.62 points, or 0.52 percent, at 16,737.63.
The benchmark 10-year U.S. Treasury note was down 22/32, yielding 4.471 percent, while the 30-year bond was down 1 2/32, yielding 4.745 percent.
The U.S. dollar rose to 115.35 yen from 114.69 yen in New York late Tuesday. The euro rose to $1.4486 from $1.4436.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
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