The benchmark index erased earlier losses and moved into positive territory after the Federal Reserve left rates unchanged, a decision markets often parse for clues on future borrowing costs.
The S&P 500 wiped out its earlier decline and traded higher on the day after the Federal Reserve kept interest rates unchanged. The move suggests investors reassessed risk assets after the policy decision, which is closely watched because Fed rate settings influence borrowing costs, liquidity and valuations across equities and other markets.