Market Responds Positively to Federal Reserve's Decision

In a significant move that buoyed investor sentiment, the Federal Reserve announced its decision to keep interest rates unchanged. This decision, coupled with a cautious stance on potential rate cuts in the future, led to a notable uptick in major US stock indices.

Stock Indices Show Significant Gains

The Dow Jones Industrial Average saw an increase of 0.38%, while the Nasdaq 100 and the S&P 500 also experienced gains of 0.45% and 0.53%, respectively. This upward trend reflects the market's positive reception to the Federal Reserve's cautious approach.

Currency Markets Remain Steady

On the currency front, the euro remained stable against the dollar, trading at $1.04077 at 3:28 pm ET. This stability in the currency markets underscores the broader economic confidence following the Federal Reserve's announcement.

With the latest US GDP data also in focus, investors are keenly watching for further developments that could influence market dynamics in the coming days.