U.S. stocks closed higher following the Federal Reserve’s decision to maintain interest rates at 4.25%–4.50% on early Thursday (March 20). The S&P 500 rose 1.1% to 5,675.29, the Nasdaq climbed 1.4% to 17,750.79, and the Dow Jones gained 0.9% to 41,964.63.
Meanwhile, Strategy’s stock surged 7.43% to $304.23 and gained an additional 2.49% in after-hours trading. Nike dropped 0.44% to $72.99 but rebounded 0.49% post-market.
Shopify shares soared 8.01% to $101.54, benefiting from the Fed’s positive stance on the economy. Boeing rose 6.84% to $172.62 after its CFO expressed optimism regarding improved cash flow and increased aircraft deliveries.
Additionally, Tesla stock jumped 4.68% to $235.86 after securing approval for its robotaxi service in California.
This stock market rally reflects renewed investor confidence in major corporations despite economic uncertainties. Interest in crypto-related stocks like Strategy is also growing as Bitcoin (BTC) gains wider acceptance as an investment asset across U.S. states.
