Stock Market Today: Major Indexes Soar After Plunging Yesterday; Tech Earnings in Focus; GDP Growth Slows, PCE Matches Estimates
β’ Major stock indexes surged on Thursday, recovering from a previous day's plunge that followed the Federal Reserve's decision to maintain current interest rates. β’ Market volatility was highlighted by divergent movements in Microsoft and Meta Platforms shares as investors focused on the "Magnificent Seven" mega-cap tech firms. β’ The rally coincides with new economic data showing a slowdown in GDP growth and PCE inflation figures that aligned with analyst estimates.
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