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12/16/2020, 10:00 PM (Source: TeleTrader)
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Nasdaq closes at all-time high after Fed's decision

Shares on the major stock market indexes in the United States ended the trading session mostly in the green on Wednesday, with the Nasdaq 100 reaching another record-high after the Federal Open Market Committee decided to leave the interest rates unchanged.

US Federal Reserve Chair Jerome Powell admitted that the economic outlook remains highly uncertain, and added that the COVID-19 surge seen both globally and in the US could be viewed as a reason for concern, but also predicted that the second quarter of 2021 could bring about a "strong economic rebound," and underlined that Fed is by no means without ammunition to facilitate the process.

The Dow Jones Industrial Average dropped 0.15% as the session came to a close with Walgreens Boots Alliance down by 2.15%. The Nasdaq 100 jumped 0.57% at the closing bell, reaching another all-time high. BioMarin soared 5% as the top performer on the index. The S&P 500 gained 0.18% at the close as Chipotle Mexican Grill moved up 4.14%. The euro strengthened 0.20% versus the dollar, selling for 1.21849 at 3:59 pm ET.

Breaking the News / BU