Stocks rose on Fed’s optimistic stance
Stocks rose after the Fed said it will keep rates at near zero. The optimistic tone of the Fed helped calm the nervous market which has seen much selling pressure in recent weeks. The Nasdaq got a late boost after Apple Inc shares reversed early losses when it unveiled its tablet computer iPad.
DJIA +41.87pts (0.41%) at 10236.16
S&P +5.33pts (0.49%) at 1097.50
Nasdaq +17.68pts (0.80%) at 2221.41