US stocks end higher ahead of Fed meeting results

By The Associated Press | Posted - Sep. 16, 2014 at 2:21 p.m.



This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

NEW YORK (AP) — The stock market is closing broadly higher as investors await the results of a key meeting by the Federal Reserve.

All 10 industry groups in the Standard & Poor's 500 index rose Tuesday, led by health care, utilities and energy companies.

The Dow rose 100 points, or 0.6 percent, to close at 17,131. The S&P 500 climbed 14 points, or 0.8 percent, to 1,998. The Nasdaq rose 33 points, or 0.8 percent, to 4,552.

Fed policy makers have started a two-day meeting, and many investors are wondering if the central bank will indicate that it is moving closer to raising its key interest rate because the economy keeps strengthening. The Fed has held the rate close to zero for more than five years.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

The Associated Press

    SIGN UP FOR THE KSL.COM NEWSLETTER

    Catch up on the top news and features from KSL.com, sent weekly.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast