It was a mixed performance for stocks – with the Dow Industrials adding 82 points to earn a 13th consecutive advance. But the Nasdaq Composite eased 17.
The Federal Reserve did the expected today: It raised its target interest rates by another quarter point to continue the effort to tame inflation.
After the close, Facebook parent Meta Platforms reported an 11 percent revenue jump as advertising rebounded. The revenue figure -- $32 billion -- appeared to slightly top analysts’ expectations. The social media giant also issued an upbeat forecast for the current quarter. In response, Meta shares are pushing higher in after-hours trading.
After notching a four-month settlement high yesterday, U.S. oil prices fell for the first time in five sessions. September crude lost 85 cents, or 1.1 percent, to $78.78 a barrel.
