TREE NEWS update: The Federal Reserve voted 10-2 on Oct. 28 to keep the fed funds target range at 3.75%-4.00%, with two dissenters favoring a 25-basis-point hike, and said inflation remains elevated. U.S. stocks closed higher for a third straight session, with the S&P 500 up 0.28% at 7743.98, the Dow up 0.19% at 52475.10 and the Nasdaq up about 0.27% at 26549.85. After the bell, Microsoft rose over 3% on Azure growth and $18.6 billion in free cash flow, while Alphabet fell nearly 10% on weaker search ad growth and negative free cash flow of about $9.07 billion.
Fed holds rates at 3.75%-4.00%; S&P 500, Dow, Nasdaq rise for third day
AI take
The split vote is the detail worth lingering on: two policymakers pushing for a hike while the committee flags elevated inflation signals a Fed not yet comfortable, which matters more for rate-sensitive risk assets than the hold itself. The equity rally looks less like conviction than relief, and the post-bell divergence in megacap tech earnings — one bid, one sharply sold — suggests index-level strength is masking widening dispersion underneath. Whether that dispersion resolves into a broader risk-off move is the open question.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
2h ago
Bangladesh dengue outbreak: October deaths rise to 173, worst month this year
2h ago
Over 40 Million Americans Cast Early Midterm Ballots
2h ago
Russia says it struck Ukrainian energy and logistics infrastructure
2h ago
Iran Said to Be Reviewing Proposals in Letter From US Vice President Vance
2h ago
Chinese Brokers Hold $7.6B in 239 Stocks as Top-10 Shareholders
2h ago
Israeli Airstrike on Khan Younis in Southern Gaza Kills One Palestinian