[Breaking] New York Stock Market Rises as Fed Slows Pace... Nasdaq Up 2%

[Asia Economy New York=Special Correspondent Joselgina] Major indices of the U.S. New York Stock Exchange closed higher on the 1st (local time) as the central bank, the Federal Reserve (Fed), lowered the rate hike as expected.

On this day, the Nasdaq index, which is sensitive to interest rates and centered on technology stocks, jumped 2% compared to the previous session to close the market. The Dow Jones Industrial Average rose 0.02%, and the large-cap S&P 500 index closed up 1.05%.