Wall Street climbs ahead of Fed announcement, led by tech

STAN CHOE AP Business Writer NEW YORK (AP) — Stocks are rising on Wall Street Wednesday ahead of a Federal Reserve announcement where investors expect the central bank to keep the accelerator floored on its aid for the economy. The S&P 500 was 0.8% higher in midday trading, while Treasury yields were holding steady and gold touched another record high. The Dow Jones Industrial Average was up 86 points, or 0.3%, at 26,465 as of 11:38 a.m. Eastern time, and the Nasdaq composite was up 1.1%. Despite the relatively modest moves, big events are crashing through the market, even beyond the tremendous pain created by rising coronavirus counts across much of the United States. The Fed is wrapping up a two-day meeting on interest rates, and most economists expect it to keep them at recor