Thursday, February 11, 2016
Current Weather
Loading Current Weather....
Published: Tuesday, 9/17/2013

Stocks edge higher as Fed kicks off 2-day meeting


NEW YORK — Stocks are up for a third day in a row, sending the Standard & Poor’s 500 index closer to a record high.

Investors seem to have accounted for the likelihood that the Federal Reserve will announce a slowing of its economic stimulus program on Wednesday.

The Dow Jones industrial average rose 35 points, or 0.2 percent, to close at 15,529 points Tuesday.

The S&P 500 rose seven points, or 0.4 percent, at 1,704. The S&P 500 is five points below its record high reached on Aug. 2.

Technology stocks rose more than the rest of the market. The Nasdaq composite rose 27 points, or 0.8 percent, to 3,745.

Two stocks rose for every one that fell on the New York Stock Exchange. Volume was lighter than average, 2.8 billion shares.

Recommended for You

Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories