Stocks Rise After Fed Holds Rates Steady, Tech Giants Flash Buy Signals
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Dow Jones futures rose slightly after hours following Fed's decision to keep rates unchanged. Powell signaled policymakers will remain on hold.
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Major indexes had solid gains Wednesday, especially the Nasdaq. Microsoft, Meta and Amazon flashed buy signals intraday.
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After-hours earnings winners included Roku, DoorDash; losers were Remitly and Airbnb. Apple, Eli Lilly, Palantir report Thursday.
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Fed chief Powell downplayed September forecast of one more rate hike this year, saying "efficacy of dot plot decays" over time.
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Market rally attempt gaining momentum but breadth remains weak. Leading stocks setting up buys but not a flood yet. Gradual exposure advised.