Dow, S&P end at record highs after Fed's stimulus cut

NEW YORK (Reuters) - The Dow and the S&P 500 closed at all-time highs on Wednesday after the Federal Reserve announced a small reduction in its stimulus program, confirming that the U.S. economy was on firm footing.

The Dow Jones industrial average rose 293.03 points or 1.85 percent, to end unofficially at 16,168.29, a record closing high. The S&P 500 gained 29.65 points or 1.66 percent, to finish unofficially at 1,810.65, also a record closing high. The Nasdaq Composite added 46.384 points or 1.15 percent, to close unofficially at 4,070.064.

(Reporting by Angela Moon; Editing by Jan Paschal)