Wall Street Rises On Federal Reserve's Dovish Tone

Wall Street Rises On Federal Reserve's Dovish Tone
US stocks surged following the Federal Reserve's indication of a dovish stance on interest rates and a blend of mixed earnings reports. The Dow rose over 0.8%, the S&P 500 climbed 0.9%, and the Nasdaq surged 1.5%. The Federal Reserve Chair, Jerome Powell's assurance that they are not considering any more interest rate hikes has buoyed investor sentiment. Stocks, like Apple, saw gains, with a positive outlook for sales growth. Carvana shares soared with an optimistic profit forecast, but DoorDash's disappointing guidance led to a decline in its stock. Etsy faced a 15% drop after missing earnings expectations.
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