U.S. stocks rise as Fed sounds upbeat note on economy

4:30 pm ET May 9, 2007

DJIA

13,362

+53.80

S&P

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+4.86

NASDAQ

2,576

+4.59

10Yr

4.67%

+0.034

U.S. stocks rise as Fed sounds upbeat note on economy

NEW YORK
U.S. stocks rebounded on Wednesday, sending the Dow Jones Industrial
Average to yet another record high close, after the Federal Reserve kept
interest rates unchanged and noted that while economic growth is
slowing, it still considers inflation the number one risk as it expects
moderate growth to continue.

The Fed: Fed holds rates steady, makes only few changes to statement

WASHINGTON
The Federal Reserve decided Wednesday to hold short-term interest rates
steady and said nothing that indicates it is prepared to move interest
rates anytime soon.