Wall Street holds gains after Fed statement

  @ibtimes on

Stocks clung to strong gains on Wednesday after the Federal Reserve repeated its promise to leave interest rates on hold until at least late 2014 while giving few clues into whether it might supply additional stimulus later this year.

The Dow Jones industrial average <.DJI> rose 45.56 points, or 0.35 percent, to 13,047.12. The S&P 500 Index <.SPX> added 13.06 points, or 0.95 percent, to 1,385.03. The Nasdaq Composite <.IXIC> gained 55.85 points, or 1.89 percent, to 3,017.45.

The three major stock indexes were higher earlier in the session after Apple's blowout quarter further increased optimism in an earnings season that has far outstripped expectations.

(Reporting by Rodrigo Campos; Editing by Jan Paschal)

Join the Discussion
Nintendo's Newest Kirby Game Is A Total Detour
Nintendo's Newest Kirby Game Is A Total Detour
Fitbit's First Activity Watch Falls Short
Fitbit's First Activity Watch Falls Short
Dying Light Is The Spiritual Successor To 'Dead Island'
Dying Light Is The Spiritual Successor To 'Dead Island'
The Last Mitsubishi Evolution
The Last Mitsubishi Evolution
The i8 Is Proof BMW Should Make More Mid-Engined Cars
The i8 Is Proof BMW Should Make More Mid-Engined Cars
QD Vision Shows Off Cheap 4K TVs
QD Vision Shows Off Cheap 4K TVs

More Video