Stocks Up After Fed; Carriage Services At New High
Stocks extended their gains Wednesday afternoon, with the Dow Jones industrial average hitting a new record high, after the Federal Reserve vowed to keep its benchmark interest rate near zero to support the economy. The Nasdaq and S&P 500 each remained up 0.8%. The Dow Jones industrial average moved 0.6% higher. However, volume was 17% lower on the NYSE and 10% lower on the Nasdaq compared with the same time Tuesday. In the stock market today,
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