Stock Market Today, Oct. 28: Markets Edge Higher as Fed Holds Rates Steady
The S&P 500 (SNPINDEX:^GSPC) gained 0.28% to 7,744, the Nasdaq Composite (NASDAQINDEX:^IXIC) rose 0.27% to 26,550, and the Dow Jones Industrial Average (DJINDICES:^DJI) added 0.19% to 52,475, as all three indexes finished in the green after the Federal Reserve held rates steady. Gold prices rose 0.10% to $4,068.14 as of U.S. market close, and the 10-Year Treasury yield rose 0.02% to 5.02%. Energy stocks led sector gains, while real estate and utilities retreated. Vertiv Holdings Co jumped almost 17% on bullish long-term artificial intelligence (AI) infrastructure demand forecasts. Oracle Corporation surged 11% after an investor day in which it set out new financial targets. Wingstop Inc. also climbed after reporting better-than-expected third-quarter earnings. F5, Inc. plummeted over 20% as investors weighed its guidance and an analyst downgrade. Continue reading