(CNBC) -- The S&P 500 rose slightly on Wednesday, touching another record, after the Federal Reserved left interest rates unchanged in its latest policy decision and hinted that it would keep easy monetary policy where it is for some time despite a strengthening economy and rising inflation.
The S&P 500 rose 0.15% to an intraday record. The Dow Jones Industrial Average shed about 80 points, dragged down by a 6% drop in Amgen’s stock on disappointing earnings. The Nasdaq Composite traded higher by 0.2%.
The Federal Reserve wrapped up its two-day policy meeting on Wednesday, where the central bank left rates near zero. The Fed upgraded its assessment of the economy and acknowledged inflation was rising.
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