U.S. Stocks Gyrate After Fed Leaves Rates Unchanged

By Anora MahmudovaMarketWatch Pulse

U.S. stocks shot higher immediately after the Fed released a statement leaving interest rates unchanged, but pared those gains within 10 minutes of trade. The decision to leave rates unchanged was unanimous. The S&P 500 was up 8 points, or 0.4%, to 2,101. The Nasdaq Composite was flat at 5,088. The Dow Jones Industrial Average traded 74 points, or 0.4%, higher at 17,707.

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