Market recap: Stocks closed broadly higher after the Fed reported "modest" growth and investors...

|By:, SA News Editor
Market recap: Stocks closed broadly higher after the Fed reported "modest" growth and investors focused on strong earnings reports. Materials and energy stocks were the best-performing sectors, and transports also surged. The dollar dropped to a 15-year low against the yen, and short-term Treasury yields slipped to new lows. NYSE advancers led decliners five to two.