Both the S&P 500 and the Nasdaq hit one-week highs and were on track to log their biggest one-day gains since February
The dollar gained ground on Wednesday as the Federal Reserve hiked its target interest rate by three-quarters of a percentage point to combat a disruptive inflation spike.
Apple Inc.’s run as a $3 trillion stock proved fleeting. Now its grip on a $2 trillion market value is looking wobbly, too.
The US central bank has abandoned a systematic policy framework for more than a decade, in favour of a purely discretionary one
Nitin Raheja, CIO, Rada Advisors, says it is difficult to take a call on which direction the market is going and so once again the focus should be back on bottom-up stock picking.
Investors would be keenly watching the Fed decision because there are no clear signs of improvement in US economic data US as yet, says Manish Kabra of Bank of America Merrill Lynch.
U.S. stocks close slightly lower ahead of Apple earnings, Fed decision
Vivek R Misra, Strategist- Asian Equities, Global Research & Strategy at Societe Generale believes that RBI is likely to cut rates in Q4 of FY15. Federal Reserve's decision of keeping the rates unchanged is likely to weigh a bit on this and that could push the rate cut a bit forward. He expects 25 basis points (bps) rate cut by RBI in Q4.