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Wall Street adds a bit to gains after Fed statement citing ongoing economic growth

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U.S. stocks added slightly to gains after the Federal Reserve held interest rate...

NEW YORK - U.S. stocks added slightly to gains after the Federal Reserve held interest rates steady and its policymakers said the economy was in good shape.

In its latest policy announcement, the Fed cited ongoing job and economic growth. Policymakers also held out hope that weak inflation will edge higher. The rate-sensitive S&P real estate index extended gains after the news and was last up 1.1%, while the financial index added to losses and was last down 0.5%.

The company also announced plans for a new $75 billion share buyback and bumped up its cash dividend by 5%.

 

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