The Wenatchee World

Weather:

Weather

Five-day forecast

Remove this weather forecast

Overnight

Lo45° Rain

Thursday

Hi63° Rain Likely

Thursday Night

Lo43° Mostly Cloudy

Friday

Hi61° Partly Sunny

Friday Night

Lo41° Partly Cloudy

Saturday

Hi62° Partly Sunny

Saturday Night

Lo40° Slight Chc Showers

Sunday

Hi61° Slight Chc Showers

Sunday Night

Lo41° Slight Chc Showers

Monday

Hi62° Mostly Cloudy

Wall Street

Send to Kindle
Print This

NEW YORK (AP) — The stock market hit a record high Wednesday as investors cheered the Federal Reserve’s surprise decision to keep its economic stimulus program in place.

Stocks traded slightly lower throughout the morning, but took off immediately after the Fed’s decision in the early afternoon. Bond yields fell sharply — their biggest move in nearly two years. The price of gold had its biggest one-day jump in four years as traders anticipated that the Fed’s decision might cause inflation.

View my optionsorSign in