(CNBC) — U.S. equities traded below record highs set earlier in the session on Wednesday after the Federal Reserve kept interest rates unchanged.

The S&P 500 traded 0.2 percent higher following the announcement. It rose as much as 0.6 percent to a record.

Estee Lauder was the best-performing individual stock in the index, rising 9.1 percent. The company posted better-than-expected quarterly results. Envision Healthcare, meanwhile, was the biggest laggard, dropping 32 percent on weaker-than-expected earnings.

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