Stock Market Today: Stocks Close Higher in Volatile Session

The major indexes spent most of Thursday in rally mode, but selling pressure emerged in afternoon trading.

stock market chart with red and green bars going up then down
(Image credit: Getty Images)

Stocks pared earlier gains Thursday, but still closed higher in the wake of Wednesday's post-Fed selloff. Investors continued to evaluate yesterday's comments from Federal Reserve Chair Jerome Powell, who indicated an end to rate hikes could be near, as well as concerning bank deposit commentary from Treasury Secretary Janet Yellen. 

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.