News Formal

U.S. stocks rise after the Fed held rates steady; Treasury yields fall

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 60 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 53%

United States News News

United States United States Latest News,United States United States Headlines

U.S. stocks rise after the Fed held rates steady; Treasury yields fall

Investing.com -- U.S. stocks were rising and Treasury yields were falling as investors bet that the Federal Reserve is done raising interest rates after holding the benchmark rate steady for the second meeting in a row.

The main indices on Wall Street closed substantially higher Wednesday, with the blue chip Dow gaining 220 points, or 0.7%, the broad-based S&P rose 1.1% and the tech-heavy Nasdaq climbed 1.6%.The main focus, however, was on Powell’s comments after the decision’s announcement.

He added that the Fed will only"proceed carefully," adding that monetary policy is currently at a"restrictive" level.With the Fed meeting now in the rear view mirror, investors will focus more squarely on the ongoing quarterly earnings season, with Apple stock rose 10% after the coffee chain said revenue rose 11% as strong demand in North America offset a feeble recovery in China.) stock fell 12% after the drugmaker posted a quarterly loss as it took a $1.

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.

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:

 /  🏆 450. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States 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 holds gains, Treasury yields drop as Fed leaves rates unchangedLive coverage of a major day for the U.S. stock market with Treasury refunding and a Fed decision.
Source: MarketWatch - 🏆 3. / 97 Read more »

Stock Market Today: Dow ends higher as Treasury yields dive after Fed pauses againStock Market Today: Dow ends higher as Treasury yields dive after Fed pauses again
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: Treasury refunding, Fed decision to shape pivotal sessionLive coverage of a major day for the U.S. stock market with Treasury refunding and a Fed decision.
Source: MarketWatch - 🏆 3. / 97 Read more »

Stock Market Today: Stocks slide, Treasury yields steady as Fed decision loomsInvestors are bracing for a key Fed rate decision, as well as the Treasury's quarterly refunding statement, with stocks moving lower heading into the start of Wednesday trading.
Source: startelegram - 🏆 248. / 63 Read more »

Stock Market Today: Treasury refunding, Fed decision to shape pivotal sessionLive coverage of a major day for the U.S. stock market with Treasury refunding and a Fed decision.
Source: MarketWatch - 🏆 3. / 97 Read more »

Stock Market Today: Treasury refunding, Fed decision to shape pivotal sessionLive coverage of a major day for the U.S. stock market with Treasury refunding and a Fed decision.
Source: MarketWatch - 🏆 3. / 97 Read more »