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Nasdaq 100 rises above 18,100 after Fed remains on Hold

As covered in the previous update, the US stock markets have reacted positively to the Fed policy decision. All three major indexes have jumped on the unchanged dot plot outlook for US interest rates in 2024. The Dow Jones has vaulted the 39,300 mark and the Nasdaq 100 has risen above 18,100. Gold has spiked higher too, as US bond yields slip. The overall reaction to this might change again, if the Fed boss, Jerome Powell adds a slightly more hawkish bias than what the markets are now reading into this outcome. That remains to be seen when he debriefs the press at 6.30pm GMT. Meantime, the Nasdaq 100 is now paring those immediate gains to 18,148, currently trading at 18,095

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