Market

Wall Street Opens Higher: Investors React to Latest GDP Growth and Fed's Rate Decision

Wall Street's Positive Start

At the opening bell on Thursday, major stock equities in the United States saw an upward trend. Investors were closely analyzing the latest US GDP numbers, which indicated a 2.3% economic growth in the last quarter of 2024, slightly below expectations. The Federal Reserve's decision to keep the interest rate unchanged also played a significant role in shaping market sentiments.

Stock Market Highlights

The Dow Jones and S&P 500 indexes experienced modest gains, with International Business Machines Corp. leading the surge. The Nasdaq 100 also saw an increase, thanks to a significant rise in Broadcom Inc.'s stock price. Meanwhile, the euro strengthened against the dollar, reflecting the dynamic nature of global financial markets.