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Stock market news today: Stocks rise as Fed holds rates steady

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In a move widely expected by investors, the Federal Reserve opted to hold interest rates steady at their latest meeting on Wednesday,

US stocks rose on Wednesday as the Federal Reserve voted to hold interest rates at their highest range in 22 years at the conclusion of its latest policy meeting.

Multiple respondents to the survey quoted in the release referenced signs of a slowdown in their industry. NEW YORK — U.S. stocks are drifting higher Wednesday as Wall Street waits to hear what will come out of the Federal Reserve’s latest announcement on interest rates. The S&P 500 was up 0.4% in afternoon trading, coming off its third straight losing month largely because of higher yields in the bond market. The Dow Jones Industrial Average was up 39 points, or 0.1%, as of 12:57 p.m. Eastern time, and the Nasdaq composite was 0.6% higher.

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