US stocks move higher in midday trade; China shares rebound
NEW YORK (AP) — Stocks posted solid gains in midday trading Wednesday as Chinese shares rebounded and traders wait to hear from the Federal Reserve. Strong results from companies like Gilead Sciences also helped push shares higher.
KEEPING SCORE: The Dow Jones industrial average rose 101 points, or 0.6 percent, to 17,731 as of 12:10 p.m. Eastern, near its high for the day. The Standard & Poor's 500 index rose 11 points, or 0.5 percent, to 2,103 and the Nasdaq composite rose 11 points, or 0.2 percent, to 5,100.
FED MEETING: Fed policymakers finish their two-day meeting Wednesday afternoon.