High-Yield Stocks Win Reprieve, Banks Hammered in Fed StandstillBy
Utilities lead 10 industry groups Thursday with 1.3% gain
Financials hit hard as 62 of 88 companies post declines
The Federal Reserve’s announcement of no change in interest rates -- or non-announcement, as it were -- gave a boost to stocks that benefit in a low-rate environment while punishing financial shares.
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