2/1, 10:02 PM (Source: TeleTrader)
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US closes higher after latest monetary policy decision

Major United States stock markets closed the volatile session on Wednesday in the green territory after the latest decision by the US Federal Reserve which saw the key interest rate rise by 25 basis points. The traders also listened carefully to subsequent remarks by Fed Chair Jerome Powell. On the earnings front, Meta Inc. is set to release its fourth-quarter report in the following minutes.

The Dow Jones Industrial Average added 0.02% at the closing bell. The Nasdaq 100 surged 2.16% or 260 points and the S&P 500 added 1.05% as AMD pulled both indexes up, surging 12.63%.

The euro surged 1.07% against the dollar to sell for 1.09876 at 3:59 pm ET.

Baha Breaking News (BBN) / MX