Stocks are up today, and investors who are wondering why are in the right place as we have the answer to that question!
Investors are celebrating on Thursday after the results of the Federal Reserve meeting were made public. The Fed has decided to hold interest rates steady as it doesn’t see a need to increase them further to combat inflation (at least for now).
That’s welcome news for traders as some were fearing a strong economy could force the Fed to increase interest rates at the meeting. Based on the meeting’s results, investors also appear to be betting on the Fed not increasing interest rates for the rest of 2023.
To go along with this, several large companies have also been releasing earnings reports this week. Results have been positive overall, and some major players in the U.S. economy are preparing to release their reports later today. That includes Apple (NASDAQ:AAPL) dropping its earnings report after markets close.
Let’s check out how all of this news is affecting the major stock indices below!
Stocks Up Today: Major Indices Rising
- The S&P 500 starts us off with a massive 1.1% increase as of Thursday morning.
- Next on our list is the Dow Jones Industrial Average and its 0.79% gain today.
- Closing us out is the Nasdaq Composite, and its incredible 1.15% jump this morning.
Investors who are seeking out even more of the most recent stock market stories today are in luck!
We’re offering insight into all of the biggest stock market happenings on Thursday! Among that is what’s happening with shares of Uber (NYSE:UBER), HUB Cyber Security (NASDAQ:HUBC) and Palantir (NASDAQ:PLTR) stock today. All of that news is ready to go down below!
More Thursday Stock Market News
- Why Is Uber Stock Up 6% Today?
- HUBC Stock Alert: What to Know as HUB Cyber Security Appoints New CFO
- AI Just Keeps Taking Palantir (PLTR) Stock Higher
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
