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US stocks posted mild gains Wednesday as the Federal Reserve kept interest rates at their record low of close to 0 percent.
The central bank signalled it would continue to keep its benchmark federal funds rate at 0-0.25 percent for an "extended period" despite the start of a mild economic recovery.
The central bank's board said economic conditions "continued to pick up" since its last meeting in September but were likely to "remain weak for a time".
The US posted growth in the third quarter for the first time in a year but unemployment continues rising. New monthly jobless figures are awaited Friday.
The blue-chip Dow Jones Industrial Average rose 30.23 points, or 0.31 percent, to 9,802.14. The broader Standard and Poor's 500 Index inched up 1.09 points, or 0.1 percent, to 1,046.5. The technology-heavy Nasdaq Composite Index edged lower 1.8 points, or 0.09 percent, to 2,055.52.
The US currency plunged by the most in two months against the euro, dropping to 67.25 euro cents from 67.94 euro cents Tuesday. The dollar rose against the Japanese currency to 90.69 yen from 90.34 yen.
Last updated on Nov 5th, 2009 at 04:00 am IST--DPA
Saluted and mourned by thousands nationwide, Nepal's peace architect and former prime minister Girija Prasad Koirala was set to be cremated Sunday, marking the end of an era in the Himalayan nation's politics.
Iraqi Prime Minister Nuri al-Maliki Sunday called for a recount of votes cast in the country's March 7 parliamentary polls after early results showed his main rival pulling ahead.
British Airways cabin crew continued their strikes Sunday, with the airline saying flight schedules were less disrupted than originally feared.
Lonely people are more prone to developing high blood pressure in later life, says a study.
The full Planning Commission, led by Prime Minister Manmohan Singh, will meet Tuesday to review the state of the economy and also consider the approval of the mid-term appraisal of the 11th Plan (2007-12), an official said Sunday.
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