Stocks Soar as Fed Holds Steady, Signals Future Rate Cuts

Stocks surged, with the Dow climbing 383 points and the S&P 500 and Nasdaq rallying over 1%, as the Federal Reserve held interest rates steady but signaled potential future rate cuts, boosting investor optimism about economic resilience.

• The Dow Jones Industrial Average climbed 383.32 points, or 0.92%, while the S&P 500 jumped 1.08% and the Nasdaq Composite advanced 1.41%.
• The Federal Reserve kept interest rates unchanged in a range of 4.25% to 4.5% but indicated it still expects to cut rates two times in 2025.
• Stocks rallied as the Fed's decision was in line with expectations and Chair Jerome Powell said the economy remains strong overall.