Wall Street up on cautious Fed, upbeat data

US stocks rose on Wednesday as the Federal Reserve was seen refraining from raising US interest rates soon, even as economic data showed the world’s largest economy regained speed in the second quarter.

The Dow Jones industrial average rose 78 points, or 0.44 percent, to 17,918.62, the S&P 500 gained 11.18 points, or 0.54 percent, to 2,099.73 and the Nasdaq Composite added 36.26 points, or 0.75 percent, to 4,859.16.

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Posted in: Indian Market Tips