Wall Street rallies after Fed stands pat on rates

Wall Street
Wall Street Market Update

Wall Street rallies after Fed stands pat on rates Wall Street racked up gains on Wednesday after the US Federal Reserve kept interest rates unchanged, for now leaving intact the low-rate environment that has helped underpin the bull market.

The Dow Jones industrial average rose 163.74 points, or 0.9 percent, to 18,293.7, the S&P 500 gained 23.36 points, or 1.09 percent, to 2,163.12 and the Nasdaq Composite added 53.83 points, or 1.03 percent, to 5,295.18.
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