WALL Street stocks finished higher yesterday, setting a sixth straight record for the Dow Jones industrial average as the Federal Reserve satisfied investors by leaving short term interest rates unchanged.
Prices had wavered through much of the day as investors, waited for the Fed to announce whether it would shock the market with a rate increase.
The Dow rose 8.20 points to close at 6,274.24, having worked, off a 22 point deficit to move back into record territory. It rallied more than 20 points in the moments after the Fed made its: "no change" announcement.
Advances narrowly outnumbered declines on the New York Stock Exchange, with 1,305 up, 1,134 down and 860 unchanged.
NYSE volume totalled 428.18 million shares, against 471.73 million in the previous session.
The Standard and Poor's 500 stock index rose 1.58 points to 731.14, and the NYSE's composite index rose 0.73 to 386.91.
The Nasdaq composite index rose 2.18 to 1,258.71 and the American Stock Exchange's market value index rose 2.67 to 584.31.
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