Reported 3 months ago
US stocks experienced a rally on Wednesday as the Federal Reserve announced it would hold interest rates steady, signaling potential cuts in the future as inflation rates decrease. The S&P 500 rose by 1.4%, while the Nasdaq surged more than 2.2%, led by a robust performance from tech stocks, particularly Nvidia and AMD, following favorable earnings reports. Oil prices also rose amid geopolitical tensions in the Middle East.
Source: YAHOO