S&P 500 ekes out a record close as Fed plans to stick with easy policy

S&P 500 ekes out a record close as Fed plans to stick with easy policy

S&P 500 ekes out a record close as Fed plans to stick with easy policy

(CNBC) — The S&P 500 gained slightly to hit a record high on Wednesday as minutes from the Federal Reserve’s last meeting showed the central bank’s commitment to accommodative policy in order to support a full economic recovery.

The broad equity benchmark rose 0.1% to 4,079.95, a new closing high. The Dow Jones Industrial Average rose 16.02 points, or 0.1%, to 33,446.26. The tech-heavy Nasdaq Composite dipped 0.1% to 13,688.84 even as Big Tech stocks registered solid gains. Amazon, Apple and Alphabet all climbed more than 1%, while Facebook jumped 2.2%.

Fed officials indicated at their last meeting that the pace of asset purchases will stay the same for some time while the central bank pursues its economic goals.

Read the full story ›

The post S&P 500 ekes out a record close as Fed plans to stick with easy policy appeared first on WND.

S&P 500 ekes out a record close as Fed plans to stick with easy policy