Stock Market Rises as Fed Keeps Interest Rates Steady

Reported about 7 hours ago

U.S. stock indexes surged on Wednesday following the Federal Reserve's decision to maintain interest rates, with the S&P 500 up 1.7% and the Dow Jones Industrial Average gaining 589 points. Despite ongoing economic uncertainty and concerns over stagflation, lower Treasury yields helped alleviate market pressures. Notably, Nvidia and Tesla saw gains, while General Mills faced a decline despite reporting better-than-expected profits, signaling mixed performance in the market amid macroeconomic challenges.

Source: YAHOO

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