Fed Keeps Rates Unchanged at 4.25-4.50%; Market Close Higher

Market Overview - Major indexes closed in the green with the Dow up +284 points (+0.70%), S&P 500 up +0.43%, Nasdaq up +0.27%, and Russell 2000 up +0.33% [1] Federal Reserve Update - The Federal Reserve maintained interest rates between 4.25-4.50% for the third consecutive session, with a unanimous vote among members [2] - Fed Chair Jerome Powell expressed concerns over inflation and employment but indicated no immediate policy changes due to lack of hard data [3] - Powell highlighted uncertainty regarding trade policies and stated that the Fed's decisions are unaffected by presidential opinions [3] Q1 Earnings Reports - AppLovin (APP) reported Q1 earnings of $1.67 per share, exceeding expectations of $1.45, with revenues of $1.48 billion surpassing the $1.38 billion forecast, leading to an +18% increase in after-hours trading [4] - Skyworks Solutions (SWKS) posted earnings of $1.24 per share, slightly above consensus, with revenues of $953 million, but shares fell -4% in late trading [4] - Carvana (CVNA) significantly beat earnings expectations with $1.51 per share compared to $0.75 expected, and revenues of $4.23 billion versus $4.04 billion projected, showing +46% year-over-year retail unit growth [5] - MercadoLibre (MELI) reported Q1 revenues of $5.9 billion, exceeding expectations of $5.53 billion, with a +17% year-over-year increase in Gross Merchandise Value (GMV) to $13.3 billion [6]