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Stocks edge higher after Fed delivers no surprises
Stocks edge higher after Fed delivers no surprises

U.S. stocks crept higher following news that the economy surged ahead in the spring. Trading was quiet as investors waited for a statement from the Federal Reserve later Wednesday. Most world markets were mixed. U.S. stocks turned slightly higher after the Federal Reserve did exactly what investors expected: Scaling back its support for the economy. Stock indexes edged higher after spending most of the day in the red. KEEPING SCORE: The Dow Jones industrial average rose eight points, or 0.05 percent, to 16,919 as of 2:16 p.m., shortly after the Fed released its latest policy statement. It was down as much as 95 points in midday trading. The Standard & Poor's 500 index was up...