US stock market rises early after Fed signals low rates will continue for a while
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U.S. stocks are opening higher a day after the Federal Reserve made clear it would keep interest rates at record lows for a while.
The Dow Jones industrial average rose 29 points, or 0.2 percent, to 17,186 in early trading Thursday, building on an all-time closing high from the day before. The Standard & Poor's 500 index edged up four points, or 0.2 percent, to 2,006.
The U.S. the central bank on Wednesday maintained its stance of keeping short-term rates near zero for "a considerable time."
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Low rates have boosted the market by helping revive the economy and making stocks more attractive compared with bonds.
The yield on the 10-year Treasury note rose to 2.63 percent, from 2.62 percent late Wednesday.