Mixed close on Wall Street after Fed meeting

By Ovunc Kutlu

NEW YORK (AA) - U.S. stocks closed mostly up Wednesday after the Federal Reserve decided to keep unchanged its benchmark interest rate.

The Fed made the decision at the conclusion of its two-day meeting, but the central bank signaled a rate increase could come next month.

The Dow added 57 points to end the day at 23,435, and the S&P rose four points to 2,579.

The Nasdaq fell 11 points to finish the first trading day of November at 6,716.

Bank of America and Goldman Sachs was up 0.5 percent and 0.7 percent, respectively.

Apple lost 1.3 percent on worries it could fell behind on orders to meet the high demand for its iPhone X smartphone that hits stores Friday.

The market on Thursday will focus on the release of a tax reform bill by Republicans.