Bullish
S&P 500 rises 1.1% to 7,637 as Fed rate hike uncertainty eases
The S&P 500 gained 1.1% to close at 7,637 on Thursday, September 17, 2026, following the Federal Reserve's quarter-point interest rate hike—the first since 2023. Investor sentiment improved as concerns over future rate hikes diminished, leading to a broad market rally.
Key points
- The S&P 500 closed at 7,637, up 1.1%, following the Fed's rate hike.
- Falling oil prices and declining Treasury yields supported the rally.
- Mega-cap tech stocks, including Nvidia, saw significant gains amid positive earnings expectations.
Sources
AI-generated from public news sources. Not financial advice.
