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Fed update drives indexes higher

Posted: June 19, 2014 at 2:45 a.m.

Specialist Jay Woods watches the video screen Wednesday at his post on the •oor of the New York Stock Exchange. The Standard and Poor’s 500 index closed at another record high.

The Federal Reserve's latest economic update reversed a listless slide for stocks Wednesday, propelling the Standard & Poor's 500 index to another record-high close.

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