Buying picked up slightly in the stock market following the latest interest-rate announcement from the Federal Reserve. The Dow Jones Industrial Average, which was up about 13 points just before the Fed policy committee emerged from its meeting at 2:15 Eastern time, recently posted a 26-point rise. For the Latest information regarding Stock Market Information, make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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Buying picked up slightly in the stock market following the latest interest-rate announcement from the Federal Reserve, which kept its key target near zero and reiterated its commitment to keeping money cheap "for an extended period."
The Dow Jones Industrial Average, which was up about 13 points just before the Fed policy committee emerged from its meeting at 2:15 Eastern time, recently posted a 26-point rise, up 0.2%, at 10668.15, to extend to five-days of consecutive gains.
"The Committee will continue to monitor the economic outlook and financial developments and will employ its policy tools as necessary to promote economic recovery and price stability," the Federal Open Market Committee said in its statement, indicating it stands ready to resume the purchases if the recovery starts to flag.
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