Stock market news today: Stocks rally, Dow rises 500 points as investors bet on end to Fed hikes

from Chair Jerome Powell's comments on the decision is that the US central bank will stick with keeping rates unchanged in December.Traders are now pricing in an 85% chance there will be no more Fed hikes this year, compared with 59% odds the day before its policymakers' meeting,after hours as the highlight in a packed Thursday.

Platform revenue, which includes ad sales, revenue from distribution deals, and the over-the-top streaming service The Roku Channel, came in at $744 million — up 18% on the year after declining 1.5% in the first quarter and growing 11% in Q2. Roku said overall US ad spend on traditional linear TV was down 12% year over year, while traditional TV ad scatter, or the ad inventory not purchased at the Upfronts, sank 27% compared to 2022, citing data from theit's launching new AI-powered tools for merchants. Notably, Shopify also announced operating expenses were $779 million in the most recent quarter, down 23% from the same period last year.) shares slumped 18% at the open, the stock's largest decline since November 2021.

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Stock market news today: Stocks rise as Fed holds rates steadyIn a move widely expected by investors, the Federal Reserve opted to hold interest rates steady at their latest meeting on Wednesday,
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Stock market news today: Stocks rise as investors bet on end to Fed hikesInvestors are betting the Fed is done with its rate-hiking campaign, taking heart from Chair Jerome Powell's comments.
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Stock market news today: US stocks close higher in countdown to FedInvestors are weighing events in the bond market for any fallout for stocks as the Fed's meeting begins.
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Stock market news today: Stocks rise with Fed rates decision on deckInvestors are laser-focused on the Fed policy statement and Chair Jerome Powell's comments for clues to how interest rates will evolve.
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Canadian stock futures slip ahead of Fed meeting, materials stocks expected to dragFutures for Canada's main stock index slipped on Wednesday as investors grew cautious ahead of the U.S. Federal Reserve's monetary policy meeting later in the day, while a drop in metal prices is expected to drag materials stocks.
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