Dow rises 104 points to record high as Fed announces end to bond buying program - NewsBreak

Nov. 3 (UPI) -- U.S. markets rose to records on Wednesday as the Federal Reserve announced plans to slow its monthly pandemic bond purchases. The Dow Jones Industrial Average gained 104.95 points, or 0.29%, while the S&P 500 rose 0.65% and the Nasdaq Composite increased 1.04% as the Federal Open Market Committee announced it will reduce its purchases by $10 billion for treasury securities and $5 billion for agency mortgage-backed securities beginning later this month.