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Dow soars 421 points

The Dow Jones industrial average had its biggest surge in three years yesterday, soaring 421 points in its second straight triple-digit gain after the Federal Reserve's reassurance that it was in no hurry to raise interest rates.

Bullish earnings from technology giant Oracle also drove the rally.

Fed chair Janet Yellen said Wednesday that she foresaw no rate hike in the first quarter of 2015.

The Dow Jones industrial average gained 421.28 points, or 2.4 percent, to 17,778.15. The Standard & Poor's 500 index rose 48.34 points, or 2.4 percent, to 2,061.23. The Nasdaq Composite gained 104.08 points, or 2.2 percent, to 4,748.40.

Woman sues over elevator fall at Fenway

A 22-year-old woman who fell two stories down an elevator shaft at Fenway Park and was seriously injured is suing the owner of the Boston Red Sox and an elevator company.

Elisabeth Scotland of Brigantine, N.J., sued Wednesday in Suffolk Superior Court against Fenway Sports Group and Otis Elevator Co. of Farmington, Conn. The suit seeks an unspecified amount in damages.

The suit says Scotland fell when a closed elevator door opened when she brushed up against it, and she suffered a traumatic brain injury, spinal injuries, facial fractures and dental damage.

A Red Sox spokesman declined to comment on the accident, but said all Fenway Park elevators are safe and the team wishes Scotland well.

Whidden Hospital workers ratify pact

Union health care workers at Whidden Memorial Hospital in Everett announced yesterday they ratified a new contract agreement with Cambridge Health Alliance that grants them raises and a minimum start rate of $15 an hour, effective July 1, according to 1199SEIU United Healthcare Workers East.

The agreement covers more than 230 caregivers at the hospital, the union said.

Emerson announces dorm starts

Emerson College has announced plans to begin construction of two student housing projects that will increase its Boston undergraduate housing capacity by more than 33 percent.

In April, Emerson College will begin construction at 1–3 Boylston Place on an 18-story, 380-bed student housing project. The college also plans to renovate its largest student residence hall, known as the Little Building, located at 80 Boylston St., adding 290 new student beds to the 750 beds currently in the building.

• Newburyport's Muzzy Lane Software, a developer of game-based educational software, announced that Conall Ryan, left, has joined the company as president and chief executive officer. Ryan previously served as executive vice president of Houghton Mifflin Co., where he guided the development of the first Curious George digital titles.

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