General Dynamics (GD) Tops Q2 EPS by 3c, Revenues Beat

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Wall St. closes higher after Fed vows more support for the virus-battered economy

July 29, 2020 6:48 AM EDT

By Sinéad Carew

New York (Reuters) - U.S. stocks closed higher on Wednesday, adding to gains after the Federal Reserve repeated a pledge to use its "full range of tools" to support the economy but cautioned that the outlook "will depend significantly on the course of the virus."

At the end of its two-day policy meeting the Fed said it will keep its interest rate target range until it is confident the economy has weathered the coronavirus pandemic and is on track for maximum employment and price stability goals.

While strategists said they found no... More