National News

Sep 19, 2013 11:42 AM by Associated Press

Stocks hold steady after hitting all-time high

NEW YORK (AP) - Stocks are holding steady after setting a record high the day before.

Major stock indexes have posted small gains or small declines in early trading.

The Federal Reserve on Wednesday surprised financial markets when it decided against scaling back its massive bond-buying program. That buying has kept interest rates low and helped drive a bull market over the last 4-1/2 years.

The price of gold surged $60, or 4.5 percent, to $1,367 an ounce in early trading, on pace for its biggest one-day move since the financial crisis.

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