U.S. stocks close higher as Fed holds rates steady

NAMPA / Xinhua

2026-10-29

NEW YORK, Oct. 28 (Xinhua) -- U.S. stocks ended higher on Wednesday after the Federal Reserve opted to keep its benchmark interest rate unchanged, as investors weighed persistent inflation concerns and the prospect of further rate hikes. The Dow Jones Industrial Average rose 97.53 points, or 0.19 percent, to 52,475.1. The benchmark S&P 500 added 21.38 points, or 0.28 percent, to 7,743.98, while the tech-heavy Nasdaq Composite Index gained 72.0......

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