Wednesday, May 09, 2007

Markets Close Higher As Fed Holds Rates Steady

The markets closed higher after the Fed held interest rates steady. The Dow climbed 54 points to close at a record 13,363 while Nasdaq rose 5 points to 2576. S&P 500 gained 5 points to 1513. The 30-year bond eased as the yield edged up to 4.838%.

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