SPY is trading up 0.7% mid-session following the Federal Reserve's decision to hold interest rates steady at 3.50–3.75%.

  • The Dow is leading market gains with a 1.49% advance, driven by a 9% surge in CAT amid industrial sector strength.
  • Tech heavyweights META and MSFT are weighing on the sector despite earnings beats, while broader momentum remains supported by neutral economic data.