Stock market today: Wall Street rises ahead of Fed announcement

NEW YORK (AP) — U.S. stock indexes are rising Wednesday as Wall Street waits to hear what the Federal Reserve will say in the afternoon about where interest rates may be heading.

The S&P 500 was up 0.8% in afternoon trading. The Dow Jones Industrial Average was up 262 points, or 0.6%, as of 12:33 p.m. Eastern time, and the Nasdaq composite was 1% higher.

The relatively quiet trading is a respite following weeks of sharp and scary swings for the U.S. stock market. Uncertainty...