NEW YORK (AP) — Stocks are holding on to their gains on Wall Street Wednesday after the Federal Reserve said it will keep the accelerator floored on its aid for the economy, and the S&P 500 is on pace for its best day in two weeks.

The benchmark index was 1% higher in afternoon trading, while Treasury yields held steady and gold touched another record high. The Dow Jones Industrial Average was up 97 points, or 0.4%, at 26,479 as of 2:15 p.m. Eastern time, and the Nasdaq composite was up 1.2%.

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