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Direct: US stocks rose on Thursday, as investors digested the Fed's decisions.
The Fed yesterday decided to reduce its benchmark interest rate by 25 basis points for the first time in 10 years and announced the anticipated end of the budget cut.
But Fed Chairman Jerome Powell shocked the markets by saying the interest rate cut was only about adapting to economic conditions rather than a change in monetary policy, prompting US equities to record heavy losses at the end of yesterday's session.
Commenting on the US Federal Reserve's decision, US President Donald Trump said that Jerome Powell "had failed as usual", while stressing that he had at least put an end to quantitative tightening.
US companies continue to report quarterly results as Qualcomm's results exceed expectations, but the outlook is disappointing.
In current economic data, the number of UI claims in the US has increased more than badysts predicted last week.
At 1332 GMT, the Dow Jones Industrial Average was up 0.1% at 26,906.2.
Standard & Poor's rose 0.2% to 2,985.09 points and the Nasdaq 0.4% to 8,206.6 points.
Over the same period, the leading dollar index, which measures the currency's performance against six major currencies, rose 0.4% to 98,860.
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