Afternoon Markets: Dow rises ahead of interest rate verdict

Wall Street shares rose slightly ahead of the Fed's latest interest rate decision, with investors hoping for clues on how the Fed will control inflation.

The Dow Jones climbed 22.44 points (0.23%) to 9,801.3 as the dollar weakened, providing a boost to manufacturers and commodities firms. General Electric shares added 1.96% to $17.03, while Caterpillar gained 1.73% to $53.37. Aluminium giant Alcoa gained from the recovery in commodities market, up 1.66% to 14.17. In London, markets moved forward through the day after the rebound in commodity stocks. Expectations of strong economic growth in China and India helped push the FTSE 100 up 39.69 points (0.77%) to 5,174.05. Eurasian Natural Resources shares were the biggest gainer, u...