Nasdaq Soars After Fed Keeps Rates Steady

Reported about 1 year ago

The Nasdaq Composite jumped over 260 points higher following the Federal Reserve's decision to keep interest rates unchanged. While the Dow Jones Industrial Average couldn't maintain its morning gains and fell, the S&P 500 and Nasdaq set new record highs after the release of May's CPI data and the Fed's decision on rates. Market experts Julie Hyman, Jared Blikre, and Josh Lipton discuss the market movements driven by persistent inflation and highlight sector winners in this Market Domination Overtime update.

Source: YAHOO

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