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US Equity Markets End Higher After Federal Reserve Votes to Keep Policy Rate Unchanged

MT Newswires Live04:07

US equity indexes ended higher Wednesday after the Federal Reserve decided to maintain policy rates despite rising inflation.

* The Federal Reserve voted Wednesday to keep the overnight funds rate in a range of 3.75% to 4%, with two of the 12 members of the Federal Open Market Committee dissenting in favor of a quarter-percentage-point increase.

* The US has asked several Gulf Arab countries to be prepared for a short, intense military campaign after the midterm elections, The Wall Street Journal reported, citing people briefed on the conversations.

* December West Texas Intermediate crude oil rose $2.71 to $102.61 per barrel, while December Brent crude, the global benchmark, was last seen up $1.18 at $115.06.

* Vertiv (VRT) shares rose nearly 17%, the top gainer on the S&P 500, after the company reported Q3 adjusted earnings and revenue above market expectations.

* F5 (FFIV) shares were down more than 20%, the worst performer on the S&P 500, after the company announced fiscal Q4 results and unveiled plans with Oracle (ORCL) to bring web application and API protection to customers running applications on Oracle Cloud Infrastructure under a non-binding memorandum of understanding.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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