Wall Street pares losses on Fed

US stocks gain after release of latest US Federal Reserve statement, but remain in negative territory.

United States stocks pared some losses after the Federal Reserve announced no change to its easy-money policies, as expected.

The Dow Jones Industrial Average was nearly unchanged, falling three points, less than 0.1% to 15,677 points. On Tuesday, the Dow rose 111 points, or 0.7%, to close at a record high of 15,680.35 points, its first record close since Sept. 18.


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