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.

This story is only available from our archives.


« Previous Story

Business news in brief

Wal-Mart triples China food safety funds Wal-Mart Stores Inc. has decided to increase its investment in food safety in China threefold over this year and next. The announce... Read »

Next Story »

Adobe cloud gains lift shares to record

Adobe Systems Inc.'s shares soared to a record Wednesday after the company posted quarterly subscriber gains that showed it is making progress in its transition to cloud so... Read »