U.S. stocks rise as Fed keeps interest rate unchanged

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    NEW YORK, Aug. 7 (Xinhua) -- U.S. stocks rallied the second day on Tuesday ahead of Fed meeting, after Federal Reserve decided to leave a key interest rate unchanged.
    In the closing trading, the Dow Jones Industrial Average was up35.52, or 0.26 percent, to 13,504.30. The Standard & Poor's 500 index rose 9.04, or 0.62 percent, to 1,476.71, and the Nasdaq composite index added 14.27, or 0.56 percent, to 2,561.60.
    The U.S. Federal Reserve decided Tuesday to leave a key interest rate unchanged at 5.25 percent, where it has stood for a year.
    "The economy seems likely to continue to expand at a moderate pace over coming quarters, supported by solid growth in employment and incomes and a robust global economy," said the Fed in a statement.
     
               
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