The Ticker

Dow closes at record as Fed keeps rates intact

The Dow Jones industrial average closed at a record high yesterday after the Federal Reserve maintained its stance on record-low interest rates.

The Dow rose 24 points, or 0.2 percent, to close at 17,156, surpassing its previous high from July by 18 points.

The blue-chip average rose as much as 89 points after the Fed kept the phrase "considerable time," in referring to how long it would wait before raising interest rates.

The Standard & Poor's 500 index edged up two points, or 0.1 percent, to finish at 2,001. The Nasdaq­ rose nine points, or 0.2 percent, to 4,562.

The Fed has held the short-term rates it controls close to zero for more than five years, which has helped stimulate the economy and fueled a bull market for stocks.

Boston tells the FCC it supports net neutrality

The city of Boston submitted a 12-page public comment to the Federal Communications Commission on Monday in support of net neutrality, citing the importance of the Internet to businesses and government as well as residents' lack of options when choosing an internet provider.

"Net neutrality matters for Boston because we have so many businesses and academic institutions that thrive because of an open Internet," said Chief Information Officer Jascha Franklin-Hodge.

The FCC received more than 4 million public comments on proposed new rules by its Monday deadline.

TODAY

 Commerce Department releases housing starts for August.

 Europe's financial stability watchdog, the European Systemic Risk Board, holds a meeting.

 Massachusetts releases August job numbers.

TOMORROW

 Conference Board releases leading indicators for August.

THE SHUFFLE

Mount Auburn Hospital announced the appointment of Yvonne Cheung, MD, MPH as chairman of the Department of Quality and Safety. Dr. Cheung graduated from Harvard University cum laude with a baccalaureate degree in both history of science­ and biology.

 Primary Design Inc., a 
firm specializing in adver­tising, brand communications and interactive design services, announced it has promoted its longtime director of account services, John Schroeder, to executive vice president.

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