A sign for Wall Street is seen just outside the New York Stock Exchange.(Photo: Timothy A. Clary, AFP/Getty Images)
NEW YORK (AP) - Stocks rose yesterday, with investors apparently willing to wait and see what course the Federal Reserve decides to take as it continues to push for economic growth.
The board's bond-buying of recent months has kept interest rates ultra-low and made it cheaper to borrow money.
The Dow Jones industrial average closed higher by 34.95 points, or 0.2 percent, at 15,529.73, yesterday. The Standard & Poor's 500 index rose 7.16 points, or 0.4 percent, to 1,704.76. And the S&P 500 was five points below its record high reached on Aug. 2. It has risen for three trading days in a row, and 10 of the last 11.
The Nasdaq composite was up 27.85 points, or 0.8 percent. It had the biggest percentage gain of the three big indexes.