Stocks rebound as Nasdaq ends six-day slide after Fed decision

U.S. stocks rose Thursday, recovering from a sharp selloff in the previous session after the Federal Reserve kept interest rates unchanged. Technology shares led the advance, with Microsoft and semiconductor stocks helping lift the market. The Nasdaq Composite gained 2.8%, ending a sixday losing streak. The Dow Jones Industrial Average rose 613.92 points, or 1.2%, and the S&P 500 added 1.7% by the close. Microsoft jumped after reporting strongerthanexpected Azure growth, while chip names such as Micron Technology and AMD also advanced. Meta Platforms fell after its latest results and outlook disappointed investors. Treasury yields remained elevated as traders continued to weigh inflation risks and the Fed’s policy stance.