Wall St ends up, best close since 2007

U.S. stocks closed up, best close since 2007 after the Federal Reserve's said another round of quantitative easing will be implemented to boost the sluggish U.S. economy.

Dow Jones Industrial Average surged 206.51 points, or 1.55 per cent, to close at 13,539.86.

S&P 500 gained 23.43 points, or 1.63 per cent at 1,459.99.

All 10 S&P sectors closed sharply higher, led by materials and financials.

Nasdaq composite rose 41.52 points, or 1.33 per cent to 3,155.83.