Make Kitco Your Homepage

Wall Street adds to gains after Federal Reserve statement

Kitco News

(Reuters) - The S&P 500 added slightly to its gains on Wednesday in choppy trading after the U.S. Federal Reserve said it kept interest rates unchanged and repeated a pledge to use its “full range of tools” to support the economy for as long as it takes to recover from fallout of the coronavirus outbreak.

The Dow Jones Industrial Average .DJI rose 96.31 points, or 0.37%, to 26,475.59, the S&P 500 .SPX gained 29.74 points, or 0.92%, to 3,248.18 and the Nasdaq Composite .IXIC added 108.03 points, or 1.04%, to 10,510.12.

Reporting By Sinéad Carew; Editing by David Gregorio

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.