Coinspeaker
Stocks Rally after Fed Interest Rates Decision, BTC Price Tests $35,000 Level
Stocks rebounded from consistent poor performance over the last three months, rallying on Wednesday. The stock market rally came after the Federal Reserve decided for a second consecutive time to leave interest rates untouched. The apex bank’s decision has led investors and analysts to conclude that the central bank would keep interest rates this way until 2024.
The stock rally also affected Bitcoin (BTC) as the king coin hit $35,415, rising nearly 2.5% in the last 24 hours. The Nasdaq Composite rose 1.64% to 13,061.47, while the S&P 500 rose 1.05% to 4,237.86. The Dow Jones Industrial Average also rose, adding 0.67% or 221.71 points, to 33,274.58. Tech stocks led the market rally, with AMD (NASDAQ: AMD) rising 9.69% to close at $108.04 on the day. Also, Micron Technology Inc (NASDAQ: MU) and Nvidia Corp (NASDAQ: NVDA) also added 3.78% and 3.79%, respectively. Microsoft Corp (NASDAQ: M
We współpracy z: https://www.coinspeaker.com/stocks-rally-fed-interest-btc/
