Stock market live updates: Dow up 300, Fed projects years of low rates, Snowflake doubles in massive IPO

Updated Wed, Sep 16 20202:31 PM EDT

The major indexes moved higher on Wednesday as traders reacted to the Federal Reserve’s projection of low interest rates for years. Struggles for major tech stocks weighted on the Nasdaq Composite to keep it lower than the Dow and S&P 500. Investors also kept an eye on the IPO market as cloud company Snowflake doubled its value in its trading debut.

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