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Adobe rose 2.3% and Tesla rose 3.6% to a record high.Д«ond yields rose broadly after the Fed's statement. Technology stocks and a mix of companies that rely directly on consumer spending accounted for a big slice of the S&P 500вЂІs gains. Police: CT man charged with threatening Lamont on Twitter.MaryвЂ™s priory find new home, вЂGod providing for usвЂ™ New Haven Dominican friars who must leave St.Police: Milford woman arrested after punching another woman.Horoscope for Tuesday, 11/16/21 by Christopher Renstrom.Police: Woman seriously hurt in Hartford shooting.HereвЂ™s what happened when the community found out

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вЂMy life is crushedвЂ™: Man mourns wife killed in Wallingford by allegedly intoxicated driver.The central bank reserved the right to change the rate at which it reduces the bond purchases, which have been intended to hold down long-term rates and spur borrowing and spending. At that point, the Fed could decide to begin raising its key short-term interest rate, which affects many consumer and business loans. If that pace is maintained, the Fed could be done winding down its bond purchases as early as June. Eastern, the Fed said it will begin reducing its $120 billion in monthly bond purchases in the coming weeks by $15 billion a month. All three indexes set their latest record closing highs. The Nasdaq climbed 1%, extending its winning streak to an eighth day. On Wall Street, the S&P 500 rose 0.6% and the Dow Jones Industrial Average added 0.3%, both marking their fifth straight gain. Eyes also remain on earnings reports expected from an array of companies in Asia, including Japanese automakers and technology companies. вЂњWe got a вЂdowkishвЂ™ Fed move,вЂќ was the way RaboResearch characterized the message.Д«ut long-term worries about Asian economies remain because of concerns there may be a sixth wave of coronavirus infections, despite growing signs of a return to normal economic activity and a freer flow of people traveling in some nations. Federal Reserve on winding down the extraordinary aid for the economy it been providing since the early days of the pandemic. Asian shares rose Thursday, boosted by the announcement from the U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Thursday, Nov. Lee Jin-man/AP Show More Show Less 5 of8 A currency trader walks by the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. 3 of8 4 of8 A currency trader watches computer monitors near the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S.