US stocks rose on Tuesday after the US Federal Reserve held benchmark rates near zero and renewed its pledge to keep them exceptionally low for an extended period. "The market was excited that they didn't change language this time," said Burt White, managing director and chief investment officer of LPL Financial in Boston.
Intel was among the Dow's top performers, up 3.6 percent at $21.93 after it released its newest server chips, in expectation of a rise in demand. The Philadelphia semiconductor index gained 2.4 percent. The Dow Jones industrial average added 17.08 points, or 0.16 percent, to 10,659.23. The Standard & Poor's 500 Index rose 5.31 points, or 0.46 percent, to 1,155.82. The Nasdaq Composite Index gained 8.07 points, or 0.34 percent, to 2,370.28.
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