Stocks, Bonds Extend Post-Fed Meeting Rally.

Stocks rose for a second day after Federal Reserve Chair Jerome Powell indicated that the central bank may not raise interest rates further. The S&P 500 had its biggest gain since April, rising 1.9%, while the Dow Jones Industrial Average added 1.7% and the Nasdaq Composite was 1.8% higher. Bond yields fell, with the yield on the 10-year Treasury note dropping to 4.668% from 4.79% the previous day. Traders were relieved by Powell's comments and the decrease in yields, which had reached their highest levels since 2007. The market will now turn its attention to the October payrolls report, which could impact the Fed's interest-rate plans. [Extracted from the article]