Stocks Rise After Widely Expected Fed Decision
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Description
U.S. equities finished higher as the Street appeared to react positively to the Fed's decision to up the target for it benchmark interest rate, a move that was widely expected.
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The Dow Jones Industrial Average ended at a five-week high, although the broader market was otherwise mixed ahead of key inflation updates.
Published 05/08/24
Published 05/08/24
The S&P 500 index ended near a four-week high as renewed hopes for lower interest rates encouraged investors.
Published 05/07/24
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