Wall St ends sharply higher

U.S. stocks closed near session highs overnight, as the market welcomed news that the
Fed will not raise interest rates until at least 2014 to support U.S. economic recovery
Dow Jones Industrial Average rallied 81.21 points, or 0.64 per cent, to close at 12,756.96.
S&P 500 gained 11.41 points, or 0.87 per cent at 1,326.06.
All key S&P sectors finished higher, led by utilities and materials.
Nasdaq composite surged 31.67 points, or 1.14 per cent at 2,818.31.