US stocks gain after Federal Reserve holds benchmark interest rates steady

United States stock markets finished higher on October 28, 2026, after the Federal Reserve decided to keep its benchmark interest rate steady. STL.News, Yahoo Finance, and Investopedia all reported that major stock indexes closed higher following the central bank decision. [1][8][9]

Technology and semiconductor shares helped lift the broader market as investors evaluated recent corporate earnings and demand for artificial intelligence, according to STL.News. Meanwhile, Yahoo Finance noted that the Dow Jones Industrial Average and S&P 500 climbed while the Nasdaq wavered. [1][8]

The Federal Reserve made its decision during a period of ongoing inflation concerns, which The New York Times, The Economic Times, and PR Newswire Business attributed in part to elevated pressures and international conflict. Yahoo Finance reported that the central bank voted to hold rates steady in a 10-2 decision. [1][3][4][5][6][8]

Investors are weighing the possibility of another interest rate increase before the end of the year, STL.News reported. At the same time, Bloomberg noted that United States stock futures declined later in the evening, while PR Newswire Business highlighted that top certificate of deposit yields are already climbing. [1][6][11]