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MARKET ROUNDUP : Stocks rise on Fed's rate stance

Jan 31, 2019 - Los Angeles Times
Financial Results

U.S. stocks jumped Wednesday after the Federal Reserve signaled it may hold off on interest rate increases in the coming months, citing muted inflation.

The central bank's announcement allays one of investors' biggest concerns: that the economy, and corporate profits, could be hurt if the Fed kept steadily increasing interest rates.

Technology companies drove the broad rally. The benchmark Standard & Poor's 500 index is now on track to end January with its biggest monthly gain in mor...