Epic US Markets Update

US markets closed sharply higher after the weaker-than-expected final read on first-quarter gross domestic product diminished worries that the Fed would taper its stimulus measures in the immediate future. The CBOE volatility index declined near 17.

The Dow Jones industrial average rallied 149.83 points to end at 14,910.14. The S&P 500 gained 15.23 points at 1,603.26. The Nasdaq Composite added 28.34 points to finish at 3,376.22.

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