Business

Stocks edge higher after Fed trims bond purchases

By The Associated Press
Published June 18, 2014 8:07pm ET
Add Washington Examiner on Google
Stocks edge higher after Fed trims bond purchases
Federal Reserve Chair Janet Yellen's news conference appears on a television monitor on the floor of the New York Stock Exchange, Wednesday, June 18, 2014. The Federal Reserve says it will further slow the pace of its bond purchases because a strengthening U.S. job market needs less support. But it's offering no clear signal about when it will start raising its benchmark short-term rate. (AP Photo/Richard Drew) | Richard Drew

Stocks are closing higher after the Federal Reserve said the U.S. economy was doing well enough for the central bank to make further reductions to its stimulus program.

It was the fourth straight gain for stocks and another record-high close for the Standard & Poor’s 500 index.

Already a print subscriber? Click here to login/register your account

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.

Tag:

Financial Markets Wall Street