Why today declaration of removing "patience", get the shares higher?

Every single word the Fed uses is a foreign language understood only by experts who have followed the Fed for years. For the rest of us it is an incomprehensible gibberish called Fed-Speak. Some of those experts actually have a lexicon to translate the words into meaning. To the Fed, the word "patience" has nothing to do with what you think the word means and nothing to do with the definition in the dictionary. Even removing the word "patience" has its own meaning. Generally, as interest rates go up stocks will come down. But there are many stocks that like higher rates and many which could care less. Just forget Fed-Speak and follow the real-time DOW ticker before, during, right after, 4pm close and next day open - from the day of announcement.

Actually, you have it wrong. Just because interest rates go up, the stock market does not necessarily go down - if fact, they are pretty independent. However, what does go down are the bond markets which act opposite the interest rates. In today's case, removing the word patience signaled that the Fed was comfortable in their assessment of continued growth in the economy. Obviously, this confidence signaled to investors that companies would continue to expand and increase profits which translates in demand and higher stock prices.