"Stocks Surge as Fed Holds Rates Steady, Tech Sector Soars"

1 min read
Source: Investor's Business Daily
"Stocks Surge as Fed Holds Rates Steady, Tech Sector Soars"
Photo: Investor's Business Daily
TL;DR Summary

Dow Jones futures, S&P 500 futures, and Nasdaq futures rose slightly overnight as Treasury yields continued to slide. The stock market rally gained momentum on Wednesday, with the Nasdaq leading the gains. The Federal Reserve left interest rates unchanged and Fed chief Jerome Powell downplayed the efficacy of the Fed's September forecast for one more rate hike this year. Several companies, including Roku, MercadoLibre, and Palantir Technologies, reported earnings. Microsoft, Meta Platforms, and Amazon flashed buy signals.

Share this article

Reading Insights

Total Reads

0

Unique Readers

9

Time Saved

7 min

vs 8 min read

Condensed

95%

1,40277 words

Want the full story? Read the original article

Read on Investor's Business Daily