The Dow Jones Industrial Average increased on Thursday as investors recovered from a poor day for the major averages following the Federal Reserve’s decision to hold interest rates constant while indicating that a March reduction is unlikely.
There was a 0.8% increase in the 30-stock Dow and a 1.1% increase in the S&P 500. The Nasdaq Composite saw a 1.2% increase.
Three of the infamous Magnificant Seven released their results following the market close, bringing earnings back to the forefront. The S&P 500 as a whole saw a gain of more than 1% in the stock of iPhone manufacturer Apple. While Facebook’s parent company Meta rose over 2%, shares of the massive e-commerce company Amazon increased by more than 2%.
Source (CNBC)
