US investors hold back on interest rate decision as Orbit stock soars 60 percent

new York The US stock exchanges initially turned positive after the interest rate decision by the US Federal Reserve, but then lost 0.6 percent shortly before the market closed. The US Federal Reserve is sticking to its January pace with a 25 basis point rate hike.

The Dow Jones index of standard values ​​was 0.1 percent higher at 32,600 points after the announcement on Wednesday. The broader S&P 500 advanced 0.3 percent to 4,015 points. The Nasdaq technology exchange index gained 0.6 percent to 11,933 jobs. Previously, they fluctuated around the zero mark.

But then the markets slipped back into the red. This may also have been due to the fact that Fed Governor Jerome Powell said in his press conference that the fight against inflation is far from over.

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