Wall St gains on Fed view

Fed Reserve report on US economic activity boosts outlook modestly.

United States stocks held strong gains Wednesday afternoon after Federal Reserve data showed overall economic activity continues to expand, though at a slow pace.

The Dow Jones Industrial Average was 102 points, or 0.7%, higher at 14,936 points. Intel led gains in 27 of 30 blue-chip stocks after the semiconductor company unveiled new data-center processors.

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