Grocers shares continue to rise after Fed decision

Shares of most grocers continued to rise Tuesday after the Federal Reserve announced it would keep a key interest rate unchanged.

The Dow Jones Industrial Average dipped following the announcement. But the rise is grocery store shares, which began earlier on Tuesday, continued as investors sought comfort in companies that sell necessities.

Kroger Co., the nation's largest traditional grocery chain, helped with the boost, reporting on Tuesday that its second-quarter profit rose 3.4 percent as a slowing economy prompted people to eat at home more often and try more store brands. Shares of Kroger jumped more than 5 percent to $28.01.

Shares of Supervalu Inc. rose 2 percent to $23.15. Whole Foods Market Inc. rose nearly 2 percent to $18.40. And Great Atlantic & Pacific Tea Co., the parent company of grocery chains such as A&P, saw its shares soar more than 9 percent to $9.67.

Only Safeway Inc. saw a modest loss, with its shares dipping less than 1 percent to $24.37.