Reported 2 days ago
U.S. stock markets rebounded on Thursday following a previous sell-off ignited by the Federal Reserve's hawkish stance on interest rates. The Dow Jones, S&P 500, and Nasdaq saw gains of approximately 0.3% as investors reacted positively to an improved economic outlook reflected in a 3.1% growth in third-quarter GDP and a decrease in weekly unemployment claims. This recovery follows the Fed's announcement of fewer anticipated rate cuts for the upcoming year, which previously unsettled markets.
Source: YAHOO