Federal Reserve

Stocks rise as corporate profits climb; investors await Fed announcement

Stocks rise as corporate profits climb; investors await Fed announcement

Stock markets around the world ticked higher Wednesday as businesses continued to report stronger-than-expected earnings. Treasury yields took a modest step backward as the Federal Reserve prepared to wrap up a two-day meeting on interest rates, which most investors expect to be uneventful.

KEEPING SCORE: The Standard & Poor's 500 index rose 1 point, or 0.1%, to 2,479, as of 11 a.m. EDT. It closed at a record high Tuesday, as did several other indexes of U.S. stocks.

The Dow Jones industrial average rose 105 points, or 0.5%, to 21,720. The Nasdaq composite edged up 9 points, or 0.1%, to 6,411.

LIFTOFF: Boeing's stock was on pace for its best day in more than seven...

EDITION: California | U.S. & World
73°