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US stocks rise as Fed keeps rate unchanged

People walk by the New York Stock Exchange in New York on June 17, 2015Wall Street stocks rose Wednesday after the US Federal Reserve kept its near-zero benchmark interest rate unchanged and Chair Janet Yellen pledged a methodical approach to raising rates. The broad-based S&P 500 gained 4.15 (0.20 percent) at 2,100.44, while the tech-rich Nasdaq Composite Index advanced 9.33 (0.18 percent) to 5,064.88. Equity markets moved into positive territory following the Federal Open Market Committee’s decision to keep its benchmark fed funds rate in place.

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