Investors React to Fed's Cautious Stance and Latest GDP Data

In a significant turn of events, the US stock markets witnessed a notable uptick at the close of Thursday's trading session. This surge came in the wake of the Federal Reserve's announcement to keep interest rates unchanged, coupled with a cautious approach towards potential rate adjustments in the future. Investors also turned their attention to the latest US GDP figures, which played a crucial role in shaping market sentiments.

Market Indices Show Positive Momentum

The Dow Jones Industrial Average saw an increase of 0.38%, while the Nasdaq 100 and the S&P 500 indices were not far behind, registering gains of 0.45% and 0.53% respectively. This collective upward movement underscores the market's positive reception to the Federal Reserve's current monetary policy stance.

Currency Markets Hold Steady

On the currency front, the euro maintained a stable position against the dollar, trading at $1.04077 at 3:28 pm ET. This stability in the currency markets further highlights the balanced reaction of global investors to the Federal Reserve's latest policy decision.

More updates to follow...