The markets closed modestly higher after the Federal Reserve held interest rates steady. The Dow added 4 points to 11,812 while Nasdaq soared 33 points to 2401.
On the upside
On the downsideJefferies & Co. analyst Howard Rubel warned that declining civil aircraft orders will negatively impact BE Aerospace (Nasdaq: BEAV).
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 8 points to 716.