U.S. stocks rose on Wednesday, but finished off session highs, after the Federal Reserve said it saw signs of a more stable economy.

The Dow Jones industrial average <.DJI> was up 119.78 points, or 1.30 percent, at 9,361.23. The Standard & Poor's 500 Index <.SPX> was up 11.45 points, or 1.15 percent, at 1,005.80. The Nasdaq Composite Index <.IXIC> was up 28.99 points, or 1.47 percent, at 1,998.72.

(Reporting by Edward Krudy; Editing by Leslie Adler)