US stocks rose on Wednesday as the Federal Reserve voted to hold interest rates at their highest range in 22 years at the conclusion of its latest policy meeting. The Federal Reserve decided to keep its benchmark interest rate in a range of 5.25%-5.50%, The Fed is waiting to see the impact of its previous rate hikes on the economy.
The S&P 500 was up more than 1.05% while the Dow ones Industrial Average gained almost 0.7%. Meanwhile, the tech-heavy Nasdaq rose about 1.6 %.with the S&P 500, the Dow Jones, and the Nasdaq all gaining more than 0.7%. Investors were relieved that the Fed did not signal any further tightening in the near term.
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