Wall St. jumps one percent after Fed minutes

U.S. stocks rallied 1 percent on Wednesday, jumping in a volatile session after the Federal Reserve reassured investors that the first interest rate hike would not come before the economy could support it.
Shares were extremely volatile, with the S&P 500 moving between a loss of 0.5 percent and a gain of 1.4 percent. The afternoon's gains were broad, with nine of the ten primary S&P 500 sectors higher on the day and seven up more than 1 percent. The only sector to decline was telecom .SPLRCL, which lost 0.4 percent. The group is considered a defensive play.
The Fed has said that it would not raise rates for a "considerable time," and in the minutes from its Sept. 16-17 meeting the U.S. central bank expressed concern that this could be interpreted "as a commitment rather than as data dependent."

http://www.reuters.com/article/2014/10/08/us-markets-stocks-idUSKCN0HX15220141008