[Breaking] FOMC Begins · Strong Earnings Boost New York Stock Market to Close Higher

[Asia Economy Reporter Yujin Cho] Major indices on the U.S. New York Stock Exchange closed higher on the 1st (local time), as investors closely watched the Federal Reserve's Federal Open Market Committee (FOMC) regular meeting, which began a two-day schedule, along with corporate earnings announcements.

On this day, the Dow Jones Industrial Average closed up 1.09% compared to the previous session. The large-cap-focused S&P 500 index rose 1.46%, and the tech-heavy Nasdaq index increased by 1.67%.