[Breaking] Fed Holds Rates Steady... All Close Higher
With the Federal Reserve (Fed) holding its benchmark interest rate steady at an annual rate of 3.75% to 4.00%, the three major U.S. stock indexes closed slightly higher on Oct. 28 local time.
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The Dow Jones Industrial Average (Dow) closed up 0.19% from the previous trading session. The S&P 500, which is weighted toward large-cap stocks, rose 0.28%, while the Nasdaq Composite, which is weighted toward technology stocks, gained 0.27% at the close.
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