US STOCKS-U.S. stocks higher after Fed notes improving economy

miércoles 29 de julio de 2015 14:58 GYT
 

* Fed says economy and job market continue to strengthen

* Twitter dives after poor quarterly report

* General Dynamics' report sparks rally in aerospace stocks

* Indexes up: Dow 0.71 pct, S&P 0.71 pct, Nasdaq 0.42 pct (Updates with reaction to Fed statement)

By Noel Randewich

July 29 (Reuters) - U.S. stocks were higher on Wednesday after the U.S. Federal Reserve left its key interest rate unchanged and said the economy and job market continued to strengthen.

The central bank's comments on the economy and inflation after its two-day pow-wow appeared to do little to drastically change wide expectations that the first rate hike will come in September or possibly December.

No move on rates was expected this week. U.S. interest rates have remained near zero for almost a decade and the Fed has said it will raise rates once it sees a sustained recovery in the economy.

"No change as expected, markets appear comfortable with that, it certainly is not a surprise," Peter Kenny, chief market strategist at Clearpool Group in New York, said after the Fed's statement was released.   Continuación...