US STOCKS-Wall St advances after Fed's statement
* Investors eye FOMC statement on rates and economy
* Services sector up for second month in a row
* U.S. private sector sheds jobs at slowest pace in yr
* Dow up 1 pct, S&P up 0.7 pct, Nasdaq up 0.2 pct
* For up-to-the-minute market news, click [STXNEWS/US] (Updates with Fed announcement, changes byline)
By Chuck Mikolajczak
NEW YORK, Nov 4 (Reuters) - U.S. stocks briefly touched session highs on Wednesday after the Federal Reserve said it would keep borrowing costs near zero for "an extended period" even though it expressed confidence the U.S. economic recovery was gaining momentum.
The Fed kept its benchmark federal funds rate unchanged in a range of zero to 0.25 percent, as expected, and said the economy has "continued to pick up" since its last policy meeting in September. For details, see [ID:nN04453484] Continued...
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