Market Reacts to Fed's Interest-Rate Hike Pause and Future Hike Signals

U.S. stocks rose on Thursday, with the Dow and S&P 500 lifted by gains across various sectors, including manufacturers and oil producers. The S&P 500 is on track to close higher for a sixth straight trading session, buoyed by data showing the U.S. economy remains strong despite the Federal Reserve's recent interest-rate increases. Meanwhile, Chinese stocks climbed after the country's central bank cut a key policy rate, while the European Central Bank lifted its key deposit rate by a quarter percentage point to the highest level in more than 20 years.