Stocks: Market edges higher as Fed kicks off 2-day meeting
By Associated Press on Sep 17, 2013, at 3:44 PM
Finance
Forbes' latest annual ranking of the 400 richest Americans includes several billionaires with Oklahoma ties and omits an oilman who did not go off the list quietly.
A potential federal shutdown looming, President Barack Obama on Monday warned congressional Republicans they could trigger national "economic chaos" if they demand a delay of his health care law as the price for supporting continued spending for federal operations.
NEW YORK — Stocks are up for a third day in a row, sending the Standard & Poor's 500 index closer to a record high.
Investors seem to have accounted for the likelihood that the Federal Reserve will announce a slowing of its economic stimulus program on Wednesday.
The Dow Jones industrial average rose 35 points, or 0.2 percent, to close at 15,529 points Tuesday.
The S&P 500 rose seven points, or 0.4 percent, at 1,704. The S&P 500 is five points below its record high reached on Aug. 2.
Technology stocks rose more than the rest of the market. The Nasdaq composite rose 27 points, or 0.8 percent, to 3,745.
Two stocks rose for every one that fell on the New York Stock Exchange. Volume was lighter than average, 2.8 billion shares.
Finance
Forbes' latest annual ranking of the 400 richest Americans includes several billionaires with Oklahoma ties and omits an oilman who did not go off the list quietly.
A potential federal shutdown looming, President Barack Obama on Monday warned congressional Republicans they could trigger national "economic chaos" if they demand a delay of his health care law as the price for supporting continued spending for federal operations.
