US Stock Market Rises Post Fed Decision

In a significant upturn, major US stock indexes climbed higher on Thursday, with the Dow Jones leaping over 230 points. This movement comes in the wake of the Federal Reserve's announcement to maintain current interest rates, without indicating any immediate changes. Fed Chair Jerome Powell emphasized a cautious approach, stating the Fed is "not in a hurry" to determine its next policy moves.

By 1:32 pm ET, the Dow Jones had increased by 0.51%, or 230 points. Similarly, the Nasdaq 100 and the S&P 500 saw gains of 0.15% and 0.39%, respectively. In currency markets, the euro appreciated by 0.13% against the dollar, trading at 1.04236 by 1:33 pm ET.