Dow Jones, S&P 500, Nasdaq: US markets open higher on day after interest rate decision
One reason for the improved mood is likely to be the falling oil prices. After the Fed's interest rate decision, investors can turn their attention to other topics again.
US stock markets are showing optimism on Thursday, with the Dow Jones rising 1.2% to 51,461 points, the S&P 500 up 1% to 7,630 points, and the Nasdaq Composite increasing 1.3% to 26,325 points. The Federal Reserve had raised interest rates by 25 basis points to 3.75-4.00% on Wednesday, as expected. Fed Chair Kevin Warsh cited the inflation rate, which was 3.4% in August, as a problem.
Oil prices have eased slightly, with Brent crude falling to around $102 per barrel. Meanwhile, a trade dispute between Canada and the US continues, with Canadian Prime Minister Mark Carney proposing a closer relationship with the EU.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
