US stock market rises

US stock indices rose following trading results on Thursday, the S&P 500 and Nasdaq Composite updated record highs, Report informs via Russian media.

The market was buoyed by the results of the meeting of the Federal Reserve System (FRS), which confirmed its intention to reduce the base interest rate by 75 basis points this year. In addition, strong statistical data increased traders' optimism regarding the state of the US economy and the prospects for corporate profits.

As reported, the Federal Reserve kept the base interest rate on federal lending funds at 5.25-5.5% per annum following a two-day meeting that ended on Wednesday.