Stock Market Today: Stocks Rise After Fed Keeps Rates Unchanged

The central bank did not hike interest rates at its November meeting – a move that was cheered by market participants.

seal of the Federal Reserve board of governors
(Image credit: Getty Images)

Stocks were cautiously higher in the lead up to this afternoon's policy announcement from the Federal Reserve as investors took in the latest batch of earnings reports and a round of mixed economic data. The main indexes only added to their earlier gains after the central bank, as expected, kept interest rates unchanged.  

Ahead of the mid-afternoon Fed news, market participants mulled over an onslaught of earnings reports. Most notable were results from chipmaker Advanced Micro Devices (AMD, +9.7%), which disclosed higher-than-expected third-quarter earnings and revenue. 

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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.