Wall Street hold gains after Fed sets target (Reuters)

NEW YORK (Reuters) ? Wall Street held gains on Wednesday, after the Federal Reserve took the historic step of setting an inflation target of 2 percent.

The Dow Jones industrial average (.DJI) was up 46.01 points, or 0.36 percent, at 12,721.76. The Standard & Poor's 500 Index (.SPX) was up 7.53 points, or 0.57 percent, at 1,322.18. The Nasdaq Composite Index (.IXIC) was up 28.97 points, or 1.04 percent, at 2,815.61.

(Reporting By Angela Moon; editing by Jeffrey Benkoe)

Source: http://us.rd.yahoo.com/dailynews/rss/stocks/*http%3A//news.yahoo.com/s/nm/20120125/bs_nm/us_markets_stocks

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