Wall Street Rises as Fed Holds Rates

US stock indexes advanced after the Federal Reserve kept its key policy rate unchanged. Investors shifted focus to upcoming economic data and quarterly earnings reports.

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Screens display the Fed rate announcement as traders work on the floor of the NYSE in New York City, US, October 28, 2026. REUTERS/Jeenah Moon

United States stock indexes advanced Wednesday afternoon after the FOMC left its key interest rate unchanged. The benchmark S&P 500 gained 25.43 points, or 0.33%, to close at 7,748.03.