Stocks closed high Wednesday 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.<br />
It was the fourth straight gain for stocks and another record-high close for the Standard & Poor's 500 index.<br />
The S&P 500 rose 15 points, or 0.8 percent, to close at 1,957 Wednesday.<br />
The Dow Jones industrial average added 98 points, or 0.6 percent, to 16,906. The Nasdaq composite gained 25 points, or 0.6 percent, to 4,362.<br />
FedEx rose 6 percent after the package delivery service reported that its income rose as growth in online shopping gave its ground-shipping business a lift.<br />
Bond prices rose. The yield on the 10-year Treasury note fell to 2.59 percent.
A blustery winter storm dumped snow and ice across the West on Wednesday, making driving treacherous in the mountains from California to the Rockies and forcing residents and party-goers in some usually sun-soaked cities to bundle up for a frosty New Year's.
A pair of zoning requests made by the Roman Catholic Archdiocese of Atlanta easily made their way through “first reading” at Tuesday evening’s Gainesville City Council meeting, passing unanimously and without any public comment in opposition.
CLEVELAND (AP) — Billionaire businessman Donald Trump will be front and center in the Republican Party's leadoff presidential debate, scoring the top spot in Thursday's prime-time faceoff where he'll...