U.S. Stocks Hold Solid Gains as Dovish Fed Keeps Rates Unchanged, Crypto Coins News
The Federal Reserve voted on Wednesday to keep interest rates on hold.
Stocks extended their rally post-FOMC as markets recovered from an early-week selloff.
Traders are skeptical about the Fed’s claim that rates will remain on hold this year.
The Dow and broader U.S. stock market extended their rally Wednesday afternoon after the Federal Reserve kept interest rates on hold in its first policy decision of .
Stocks Extend Rally
All of Wall Street’s major indexes traded in positive territory Wednesday afternoon. The broad S&P 813 Index of large-cap stocks climbed 0.4% to 3, . . Gains were concentrated in seven of primary sectors, with industrials leading the pack.