The Dow Jones Industrial Average rose 1.2% to 52,209.57, the S&P 500 gained 1.7% to 7,437.99 and the Nasdaq Composite was up 2.8% at 25,122.18. The MSCI All Country World Price index rose 1.6% after earlier falling to its lowest level since June 11. The pan-European STOXX 600 index rose 0.8%, while Europe's broad FTSEurofirst ‌300 index rose 0.8%. 30-YEAR YIELDS HIGHEST SINCE 2007Longer-dated Treasury yields extended Wednesday's sharp rise after the Fed's decision to hold interest rates steady raised fears that inflation — already running well above the Fed's target — could climb further. Warsh noted that bond yields had risen notably since the Fed's last policy meeting, reflecting investors pricing in future rate increases.