WALL STREET ENDS HIGHER – An AI-fueled tech rally sent U.S. stocks to a higher close as 3Q reporting season gained steam
An AI-fueled tech rally sent U.S. stocks to a higher close as third-quarter reporting season gained steam, while the Federal Reserve convened for its penultimate meeting of the year.
The Fed convened for its October monetary policy meeting, which is widely expected to culminate in a decision to keep the fed funds target rate on hold in the 3.75% to 4% range, saving its second rate hike of the year for its final meeting in December.
The S&P 500 rose 0.60%, while the Nasdaq Composite gained 1.18%. The Dow Jones Industrial Average edged up 0.03%.
