US Stock Markets React Positively to Federal Reserve's Decision

In a significant uptick, major US stock indexes climbed higher on Thursday. The Dow Jones Industrial Average led the charge, soaring by over 230 points. This rally comes in the wake of the Federal Reserve's announcement to maintain current interest rates, with Chair Jerome Powell indicating a cautious approach towards future policy adjustments.

Market Performance Highlights

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