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Dow Jones Industrial Average rises 11 points
The Dow climbed 11.60 points, or 0.04%, to 28,734.45. The S&P 500 fell 0.09% to end the day at 3,273.41. The Nasdaq Composite advanced 0.06% to 9,275.16. Investors digested better-than-expected earnings along with no surprises from the Federal Reserve.
Earnings and Fed
Apple led a parade of companies that reported better-than-expected earnings, including General Electric, Dow and McDonald's. The Fed, meanwhile, kept rates unchanged, as was widely expected. The central bank also said the U.S. economy is growing at a "moderate rate" while inflation remained below its 2% target.
Apple and GE jump
Apple shares hit an all-time high on Wednesday, ending the day up 2.09%. General Electric, meanwhile, surged 10.32% on stronger-than-forecast earnings.