After the Federal Reserve’s statement, which maintained interest rates at their current level and confirmed that up to three rate cuts are expected later this year, the US markets resumed their optimistic, record-high climb.
While the S&P 500 remained close to record highs, the DJIA and Nasdaq Composite hit fresh all-time highs. The S&P 500 was up more than half a percent at 5.252.38 at 9:00 p.m. Indian Standard Time. The Dow Jones Industrial Average gained 0.83 percent to close at 39,836.66, while the Nasdaq Composite increased by 0.54 percent to 16,459.63.
At 9:00 p.m. Indian Standard Time, the FTSE was 1.93 percent higher at 7,886.80 while the CAC was up 0.26 percent at 8,182.85. At 18,136.44, the DAX had a 0.67 percent increase in trading.
Due to strong global cues and a weak Yen, the Japanese Nikkei hit a fresh all-time high of 40,823.32 earlier in the day. At 40,815.66, the index finished 2.03 percent higher. Additionally, the Hang Seng increased by about 2% to 16,863.10.
The worldwide rally was followed by the Indian indices as well. The Sensex finished the day up 0.75 percent at 72,641.19, while the Nifty finished 0.79 percent higher at 22,011.95.
Crude dropped 0.71 percent to 80.69 on the day that it kept falling. At 85.37, Brent likewise saw a 0.67 percent decline.
