US Markets React Positively to Fed's Rate Decision

In a significant upturn, major US stock indexes climbed higher on Thursday, with the Dow Jones Industrial Average leading the charge by soaring over 230 points. This surge came as investors digested the Federal Reserve's recent decision to maintain current interest rates, coupled with its stance of not signaling imminent policy changes.

Fed Chair Jerome Powell emphasized a cautious approach, stating the Fed is "not in a hurry" to alter its course, which seemed to reassure market participants. By 1:32 pm ET, the Dow Jones had increased by 0.51%, or 230 points, while the Nasdaq 100 and S&P 500 also saw gains of 0.15% and 0.39%, respectively. Concurrently, the euro appreciated by 0.13% against the dollar, trading at 1.04236 at 1:33 pm ET.