Skip to Content
AP National Business

Stocks rise ahead of latest Federal Reserve policy update

<i></i><br/>
KMIZ

By
Published 9:42 AM

By DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers

Stocks gained ground in afternoon trading on Wall Street Wednesday as investors review a mostly solid round of earnings reports and await the Federal Reserve’s latest policy statement. The decisive move higher in early trading was a welcome relief following several days of volatile swings as investors try to gauge whether the Federal Reserve will succeed in its new effort to fight inflation. The S&P 500 rose 1.5%, the Dow Jones Industrial Average rose 0.9% and the Nasdaq rose 2.4%. The gains pushed every major index into the green for the week. Bond yields remained stable.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

ABC 17 News is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.