From Bloomberg · · 50s
Stocks Edge Higher After Fed Holds Rates Steady
Federal Reserve holds rates steady as Oracle surges 11% on cash flow outlook.
In brief
Federal Reserve holds rates steady as Oracle surges 11% on cash flow outlook. S&P 500 rose 0.3% after Fed held rates steady and Oracle jumped 11% on free cash flow expectations. Originally reported by Bloomberg.
Market Reaction
Stocks edged up as the Federal Reserve held rates steady and refrained from offering a clear signal on whether it will hike in December.
Oracle Surge
Oracle Corp. soared 11% on a long-term outlook for free cash flow.
Microsoft Jump
Microsoft Corp. jumped in extended trading on solid cloud sales.
Alphabet Decline
Alphabet Inc. sank on disappointing results.
Treasury Movement
Short-dated Treasuries gained.
Oil Rally Wanes
An oil rally waned in late hours as the Wall Street Journal said US Vice President JD Vance reached out to an Iranian hard-liner to revive peace talks.
The short version
S&P 500 rose 0.3% after Fed held rates steady and Oracle jumped 11% on free cash flow expectations.
