Stock Market Rises On Fed Interest Rate Decision; Alphabet, Microsoft Diverge On Earnings Late

The stock market finished modestly higher Wednesday after the Federal Reserve held its key interest rate steady despite higher inflation and dissenting votes from two of 12 policymakers. After the close, Alphabet (GOOGL) and Microsoft (MSFT) were big earnings movers, but in different directions. Alphabet shares plunged 9% in extended trading, but Microsoft stock advanced 3%. And Amazon (AMZN) is…