05/02/2024

Wall Street Ends Higher as the Fed Signals Dovish Bias

Additionally, the jobs report was eyed

U.S. stocks rallied on Thursday as investors weighed the Federal Reserve's more dovish-than-expected interest rate guidance on Wednesday against a plethora of mixed earnings and economic data.

All three indexes ended in positive territory.

The tech-heavy Nasdaq led the way, advancing 1.5 percent with healthy boost from chip stocks after Qualcomm reported quarterly sales and profit above analysts' expectations.

Please select this link to read the complete article from Reuters.