Dow closes at record high after Fed keeps low rates

NEW YORK (AP) -- The Dow Jones industrial average closed at a record high Wednesday after the Federal Reserve maintained its stance on record-low interest rates.<br /> <br /> The Dow rose 24 points, or 0.2 percent, to close at 17,156 Wednesday, surpassing its previous high from July by 18 points. The blue-chip average rose as much as 89 points after the Fed kept the phrase "considerable time," in referring to how long it would wait before raising interest rates.<br /> <br /> The Standard & Poor's 500 index edged up two points, or 0.1 percent, to finish at 2,001. The Nasdaq rose nine points, or 0.2 percent, to 4,562.<br /> <br /> The Fed has held the short-term rates it controls close to zero for more than five years, which has helped stimulate the economy and fueled a bull market for stocks.