Stocks rally as Fed holds rates steady, Nasdaq closes at record high : usatoday

according to usatoday

Stocks rally as Fed holds rates steady, Nasdaq closes at record high

Stocks rally as Fed holds rates steady, Nasdaq closes at record high

Skip Ad Ad Loading... x Embed x Share The Fed held its key interest rate steady Wednesday at 0.4% It said the case for a hike "has strengthened." Most officials expect an increase later in 2016 Fed policymakers last raised the rate in December Before that, it had been 9 years since the last rate hike WIBBITZTraders work on the floor of the New York Stock Exchange on Sept. 16, 2016.(EPA/JUSTIN LANE) (Photo: JUSTIN LANE, EPA)Stocks rallied Wednesday as the Nasdaq closed at a new record high after the Federal Reserve opted to leave interest rates unchanged but stressed that the case for a hike in rates has "strengthened."The Dow Jones industrial average rose 163.74 points, or 0.9%, to 18,293.70 after being up just 28 points before the Fed statement.
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as well marketwatch

Stocks rally into the close as the Fed stands pat on interest rates

Stocks rally into the close as the Fed stands pat on interest rates

U.S. stocks rallied Wednesday, with the Nasdaq Composite closing at a record, after the Federal Reserve opted to keep interest rates unchanged as it sought further evidence of economic strength.The Nasdaq Composite Index COMP, +1.03% climbed 53.83 points, or 1%, to finish at a record close of 5,295.18, surpassing its previous all-time high set on Sept. 7 and closing near its intraday trading high during the session.The S&P 500 index SPX, +1.09% added 23.36 points, or 1.1%, to close at 2,163.12, aided by a 2.1% jump in the S&P 500's energy sector.
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not to mention cnbc

Stocks rally after Fed keeps rates unchanged; Nasdaq posts record closing high

Stocks rally after Fed keeps rates unchanged; Nasdaq posts record closing high

U.S. stocks closed sharply higher on Wednesday after the Federal Reserve kept interest rates unchanged but hinted at the possibility of one rate hike later this year."The Federal Reserve did what we thought they should've done, which was nothing.The data were not supportive of a rate hike," said Phil Orlando, chief equity strategist at Federated Investors.
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