US Stocks Climb After Fed's Rate Decision

In a significant upturn, the US stock market witnessed a notable rise, with the Dow Jones Industrial Average surging over 230 points. This movement followed the Federal Reserve's announcement to maintain the current interest rates, a decision that left investors speculating about future monetary policies. Fed Chair Jerome Powell emphasized a cautious approach, stating the central bank is "not in a hurry" to alter its stance, which seemed to reassure the markets.

Market Performance Highlights

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