U.S. stocks are climbing Wednesday as investors were relieved that the Federal Reserve once again left interest rates unchanged. Utilities and phone companies, which pay big dividends and are more attractive investments when interest rates are low, made substantial gains. Banks, whose profits suffer when interest rates remain low, fell. BANK OF JAPAN: Japan's central bank made some technical changes that give it more influence over long-term interest rates. It said it will continue trying to stimulate the Japanese economy until inflation is higher than 2% a year, but it didn't reduce interest rates any further.

Source: Los Angeles Times September 21, 2016 15:24 UTC