NEW YORK (AP) — The latest on developments in financial markets (All times local):
4 p.m.
Stock indexes ended slightly higher on Wall Street after overcoming a brief stumble in the afternoon.
The dip Wednesday came after the Federal Reserve released its latest statement on interest rate policy and the economy. The Fed, as expected, held off on raising interest rates.
Losses in health care stocks were offset by gains in technology companies and other sectors.
Boeing jumped 4.9 percent after reporting sharply higher profits in its latest quarter.
The market was coming off a two-day losing streak and its biggest drop since August.
The Standard & Poor's 500 index rose 1 point, or 0.1 percent, to 2,823.
The Dow Jones industrial average rose 72 points, or 0.3 percent, to 26,149. The Nasdaq climbed 9 points, or 0.1 percent, to 7,411.
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11:45 a.m.
Stocks moved higher in midday trading after several big U.S. companies reported strong quarterly results.
Boeing jumped 6 percent Wednesday. The aerospace giant has been the biggest gainer in the Dow Jones industrial average over the past year.
Technology companies accounted for much of the gain, outweighing losses in health care and other sectors.
Chipmaker Advanced Micro Devices rose 5.1 percent and Electronic Arts rose 7.6 percent.
The market was coming off a two-day losing streak and its biggest drop since August.
The Standard & Poor's 500 index rose 4 points, or 0.1 percent, to 2,826.
The Dow rose 134 points, or 0.5 percent, to 26,209. The Nasdaq climbed 14 points, or 0.2 percent, to 7,416.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.74 percent.
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9:35 a.m.
Stocks are opening solidly higher on Wall Street after a number of big U.S. companies reported strong quarterly earnings.
Boeing jumped 6 percent in early trading Wednesday. The aerospace giant has been the biggest gainer in the Dow Jones industrial average over the past year.
Xerox rose 10.5 percent after reporting a strong quarter of its own. Chipmaker Advanced Micro Devices rose 4.7 percent and Electronic Arts rose 8.6 percent.
The early gains recovered some of the ground the market lost a day earlier, when it had its biggest drop since August.
The Standard & Poor's 500 index rose 15 points, or 0.6 percent, to 2,837.
The Dow rose 238 points, or 0.9 percent, to 26,318. The Nasdaq climbed 48 points, or 0.7 percent, to 7,451.
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