: Stocks open higher, bounce as investors assess Fed rate path
U.S. stocks opened higher Thursday, attempting to bounce back from a late selloff the previous session after the Federal Reserve delivered a rate hike and Chair Jerome Powell said rate cuts by year end were unlikely. Investors, however, were betting that the Fed will deliver cuts before year-end, helping equities to find support, analysts said. The Dow Jones Industrial Average DJIA rose 197 points, or 0.6% , while the S&P 500 SPX gained 0.9% and the Nasdaq Composite COMP jumped 1.3%
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