JaysonPhotography/iStock/Thinkstock(NEW YORK) — As the Federal Reserve announced improving economic conditions, but no interest rate hike this month, Wall Street responded with small gains.
The Dow Jones Industrial Average ended the day up 26.85, closing at 19,890.94.
The Nasdaq gained 27.86 to finish the day at 5,642.65, while the S&P 500 closed the trading session at 2,279.55, 0.68 higher than it opened.
After the markets closed, Facebook reported higher than expected earnings. The social media company also announced $8.81 billion in revenue, compared to an expected figure of $8.5 billion. Facebook also reported 1.86 billion daily active users and 1.23 daily active users — both higher numbers than anticipated.
The Federal Reserve today said that while economic conditions are improving, they’re not stable enough for an interest rate hike this month. Rates will remain unchanged for now, but the central bank says another increase is coming.
Payroll processor ADP put out its monthly hiring report, showing good news for job hunters. Government figures on hiring will come out on Friday.
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