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Wall Street sees rally

Wall Street rallied yesterday after Russia said it ended military drills near Ukraine, soothing investor nerves over regional tensions, but bond yields fell in key markets worldwide after President Obama authorized airstrikes in Iraq.

U.S. equities extended gains in late trading, with major indexes hitting session highs. Russia's Defense Ministry said it had finished military exercises in southern Russia, which the United States had criticized.

The Dow Jones industrial average rose 185.66 points or 1.13 percent, to 16,553.93, the S&P 500 gained 22.02 points or 1.15 percent, to 1,931.59 and the Nasdaq Composite added 35.93 points or 0.83 percent, to 4,370.90. The rally marked the best one-day performance for the Dow and S&P 500 since March 4.

FCC votes to require text-to-911

The Federal Communications Commission voted yesterday to require U.S. mobile carriers and many text-messaging apps to enable users to text emergency dispatch centers, even after questions about whether the centers will be ready by the deadline.

The commission's vote requires mobile carriers and some texting apps to put emergency text-to-911 functionality in place by the end of the year.

•  FORGE Worldwide, a Boston-based brand strategy and advertising agency, has promoted Nicholas Vitale, left, to studio manager from designer/production. Vitale will be responsible for all print production and vendor management at the agency, which he joined in 2008.

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