U.S. stocks rose Wednesday ahead of the Federal Reserve’s statement and press conference. The Federal Reserve isn’t expected to announce a rate hike. Though investors are grappling with policy changes announced Wednesday from the Bank of Japan. While interest rates were left unchanged in negative territory, the central bank set a new 0% target for its 10-year government bond yields – a veiled signal that more stimulus is coming. Microsoft shares were on the rise after announcing plans to purchase $40 billion worth of its own stock – that’s 9% of its total shares. The technology giant also said it will raise its dividend to $0.39 a share per quarter – up from $0.36. Adobe shares gained 4% after reporting better-than-expected earnings on both the top and bottom lines. Revenue rose 20% year-over-year to $1.46 billion, beating estimates of $1.36 billion. TheStreet’s Scott Gamm reports from Wall Street.
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