The Federal Reserve is taking a “wait-and-see” approach, but that was enough for Wall Street on Wednesday.
The Dow Jones Industrial Average gained 384 points, or 0.9%. The S&P 500 rose 1.1%. The Nasdaq Composite gained 1.4%.
The S&P 500 marked its best Federal Reserve decision day since July 31, 2024. The Dow had its best day since March 20, 2024.