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Stocks Edge Higher After Fed Announcement

Dow ends day up 29
By Newser Editors and Wire Services
Posted Dec 11, 2019 3:16 PM CST
Trader Gordon Charlop, left, and specialist Michael Pistillo work on the floor of the New York Stock Exchange, Wednesday, Dec. 11, 2019.   (AP Photo/Richard Drew)
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(Newser) – Stocks are closing higher on Wall Street after the Federal Reserve left interest rates unchanged and signaled that it expects to leave them alone in 2020. The Fed's latest policy statement dropped a phrase that referred to “uncertainties” surrounding the economic outlook, suggesting it's less worried about the impact of the US-China trade war. Technology and industrial stocks led the gains, the AP reports. The S&P 500 index rose 9 points, or 0.3%, to 3,141. The Dow Jones Industrial Average rose 29 points, or 0.1%, to 27,911. The Nasdaq rose 37 points, or 0.4%, to 8,654. Bond prices rose, sending yields lower. (Read more stock market stories.)

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