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.
WASHINGTON (AP) — Former Virginia Gov. Jim Gilmore says he is dropping out of the race for the White House.The Republican says in a statement he plans to support his party's nominee and will continue...
The new Hall County Correctional Institute opened with a ceremonial ribbon cutting Friday by Warden Walt Davis, who touted his department's ability to bring the cost of the $7 million facility down nearly 50 percent.