Trading Day: Fed pauses, Big Tech reports

On Wednesday, Wall Street experienced an upward trend, following the Federal Reserve's decision to maintain interest rates. Investors were anticipating the Fed's announcement, but a steepening of the yield curve indicated that bond investors were not fully satisfied with Federal Reserve Chair Kevin Warsh's assurances that inflation would be brought under control.

The Wall Street Journal's article highlights that tech and telecom services sectors are projected to contribute half of the S&P 500's entire earnings growth this year, with six sectors accounting for a combined 10%.