Wall Street rises on tech strength after Fed keeps rates unchanged

FinanceInternationalAmbitoOct 28, 2026, 6:06 PM45 s readAI summary

The Federal Reserve kept the federal funds rate in the 3.75%-4% range in a ten-to-two vote; Lisa Cook and Beth Hammack favored a quarter-point hike. The statement pointed to the need for a "timely return" to the 2% inflation target. Wall Street rose on tech strength, with SK Hynix surging after record results and a plan to return 100 trillion won to shareholders in 2026. Oracle advanced after projecting annual revenue of at least $225 billion for 2030.

In 45 seconds

The Fed left the federal funds rate at 3.75%-4% in a ten-to-two vote; Cook and Hammack sought a 25-basis-point hike.
SK Hynix rose nearly 11% in Seoul and more than 13% in the US after record results and a plan to return 100 trillion won to shareholders in 2026.
Oracle gained 10.6% after projecting annual revenue of at least $225 billion for fiscal 2030.

Read the full story at Ambito

IASummary generated by artificial intelligence from a story by Ambito. It may contain errors: the original source prevails.

Fed
Wall Street
tasas de interés
SK Hynix
resultados

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Wall Street rises on tech strength after Fed keeps rates unchanged

In 45 seconds

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Keep reading

IMF backs economic rescue bill as Banco de la República calls for rigor in its review

Parks and attractions in Colombia generated US$1.095 billion in 2024, according to IAAPA

President requests urgent congressional passage of fiscal adjustment bill

Oil edges lower after U.S. bombs Iran ahead of Election Day