Unchanged Rates and Falling Fuel Inventories Send Stocks Higher

September 21, 2016 8:34 PM

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Stocks on Wall Street climbed on Wednesday as investors were relieved that the Federal Reserve once again left interest rates unchanged. That sent dividend-paying stocks higher, while energy companies jumped with the price of oil.

Big gains came after the Fed’s decision, which ended weeks of confusion for investors. With the central bank confirming that it would raise interest rates slowly, bond yields dropped and utility and phone companies rose. The price of oil rose after the United States government said energy stockpiles...

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