The Federal Reserve didn't deliver any big surprises on Wednesday, leaving interest rates unchanged. At the post-meeting press conference, Fed Chair Jerome Powell said that central bank officials are focused on whether or not it needs to raise rates more, not about when rates will eventually start coming down. Officials aren't quite convinced that they have done enough to cool inflation.
The tech-heavy Nasdaq Composite led with a 1.6% gain, while the S&P 500 rose 1.1%. The Dow Jones Industrial Average edged up 0.7%, or 221 points. Helping boost the Nasdaq Composite was chipmaker Advanced Micro Devices, which was the index's top performer. It gained 10% after reporting healthy revenue growth in its PC segment. While AMD is counting on a strong market for AI-enabled PCs, Heard's Dan Gallagher explains why that isn't a sure thing.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock Market Today: Dow ends higher, but can't escape 3rd monthly loss; Fed eyedStock Market Today: Dow ends higher, but can't escape 3rd monthly loss; Fed eyed
Source: Investingcom - 🏆 450. / 53 Read more »
Netflix Inc. stock rises Tuesday, still underperforms marketSupported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.
Source: MarketWatch - 🏆 3. / 97 Read more »
Bank of America Corp. stock rises Tuesday, outperforms marketSupported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.
Source: MarketWatch - 🏆 3. / 97 Read more »
Tesla Inc. stock rises Tuesday, outperforms marketSupported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.
Source: MarketWatch - 🏆 3. / 97 Read more »
Amazon.com Inc. stock rises Tuesday, still underperforms marketSupported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.
Source: MarketWatch - 🏆 3. / 97 Read more »