Markets Close Higher Following Powell Presser; META, QCOM, ETSY Report

Wednesday, July 31st, 2024Markets closed higher today, in the wake of the latest Fed meeting. The Federal Open Market Committee (FOMC), followed by Fed Chair Jerome Powell’s press conference this afternoon, gave no surprises to the market. What it did was allow speculation to continue that rate cuts are indeed on the horizon. The Dow closed +99 points, +0.24%, while the Nasdaq zoomed up +451 points, +2.64%. The S&P 500 and small-cap Russell 2000 were +1.58% and +0.51%, respectively.The Fed’s press release f ...