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Stocks Climb as Markets Retrace Post-Fed Moves

Wall Street Journal Markets •
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Wall Street rallied Tuesday as stocks climbed following the Federal Reserve's policy meeting. The S&P 500 and Nasdaq Composite both posted gains, with technology shares leading the advance. The 10-year Treasury yield dipped slightly below 5% as oil prices retreated from recent highs.

Investors digested the Fed's signals on future interest rate cuts, awaiting further clarity on the economic outlook. Meanwhile, earnings season kicked into high gear, with several major corporations reporting results that beat analyst expectations. Markets showed resilience amid ongoing inflation concerns, though volatility remained elevated.

The Dow Jones Industrial Average also added points, reflecting broad-based buying across sectors. Trading volume was light as many participants stayed on the sidelines ahead of key economic data due later this week.