5/4/2022, 10:01 PM (Source: TeleTrader)
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US rallies at close, Dow up 900 pts after Fed decision

Shares in the United States traded sharply higher as the session ended on Wednesday, with the Dow Jones Industrial Average soaring over 900 points. The Federal Reserve increased the key interest rates by 50 basis points, and Chair Jerome Powell announced "a couple" of similar interest rate hikes at the coming meetings.

After the close, eBay Inc. and Booking Holdings Inc. are scheduled to release their first-quarter financial results.

The Dow Jones flew 2.81% or 932 points at the close as Honeywell grew by 4.47%. The Nasdaq 100 surged 3.41% at the same time with Starbuck skyrocketing 9.83%. The S&P 500 rallied 2.99% as the session ended. Paycom ballooned 14.27% as the benchmark's top performer.

The euro advanced by 0.79% versus the dollar at 3:59 pm ET, selling for 1.06047.

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