Wall Street rallies for second day amid economic hopes

FXstreet.com (San Francisco) - The US stocks market traded higher on Wednesday as investors are confident that 2014 will be the confirmation of good economic shape in the US. Bank of America posted a better than expected earnings report.

The S&P 500 set a fresh all time high at 1,850.84 and the Nasdaq Composite closed at 13-year highs.

The Dow Jones advanced 108.08 points or 0.66% to finish the day at 16,481.94; the S&P 500 added 9.50 pts or 0.52% to end at 1,848.38; and the Nasdaq Composite won 31.87 pts or 0.76% tp 4,214.88.