NEW YORK (AP) -- The stock market rose Wednesday after the Federal Reserve told investors to expect low interest rates for a while yet, pushing the Dow Jones industrial average to a record high. The Fed statement put to rest an anxious waiting game among investors that has left the Standard & Poor's 500 index moving between small gains and losses for a week. Seven of the 10 industry groups of the S&P 500 ended up, led by materials stocks.
The Dow Jones industrial average rose 24.88 points, or 0.2 percent, to 17,156.85.
The Standard & Poor's 500 index rose 2.59 points, 0.1 percent, to 2,001.57.
The Nasdaq composite rose 9.43 points, or 0.2 percent, to 4,562.19.
For the week:
The Dow Jones industrial average rose 169.34 points, or 1 percent.
The Standard & Poor's 500 index rose 16.03 points, 0.8 percent.
The Nasdaq composite lost 5.41 points, or 0.1 percent.
For the year:
The Dow is up 580.19 points, or 3.5 percent.
The S&P 500 index is up 153.21 points, or 8.2 percent.
The Nasdaq is up 385.60 points, or 9.2 percent.
- Stocks & Offerings
- Dow Jones industrial average