XTLB - Dow Surges 350 Points; Fed Holds Rates Steady | Benzinga
U.S. stocks traded higher toward the end of trading, after the Federal Reserve left rates unchanged.
The Dow traded up 0.91% to 39,467.76 while the NASDAQ rose 1.08% to 16,341.42. The S&P 500 also rose, gaining, 0.78% to 5,218.70.
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Leading and Lagging Sectors
Consumer discretionary shares rose by 1.3% on Wednesday.
In trading on Wednesday, health care shares fell by 0.4%.
Top Headline
The Federal Reserve kept interest rates unchanged Wednesday between 5.25% and 5.5% at its March meeting, as widely expected by investors, confirming intentions to lower the cost of money in the coming months.
Equities Trading UP
ETAO International Co., Ltd. (NASDAQ: ETAO) shares shot up 87% to $0.2670. The company announced a reverse stock split.
Shares of XTL Biopharmaceuticals Ltd. (NASDAQ: XTLB) got a boost, surging 90% to $1.96 after the company announced plans to acquire The Social Proxy.
TruGolf Holdings, Inc. ...