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SEP 18, 2013 - TheStreet

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Stocks Accelerate Gains as Fed Maintains Stimulus

NEW YORK (TheStreet) -- Major U.S. stock markets were rising Wednesday as the Federal Reserve surprised investors in its policy-making statement on Wednesday saying it will maintain its $85 billion in monthly asset purchases. It was widely expected that the central bank would reduce the pace of its monthly bond purchases by $10 billion while emphasizing that the Fed funds rate will be kept at a low level. The S&P 500 was gaining 0.73% to 1,716.67 while the Dow Jones Industrial Average was adding on 0.57% to 15,618.12. The Nasdaq was trading ahead by 0.56% to 3,766.57. Adobe Systems , ... Read More

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