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US stocks rallied on Wednesday as investors cheered the Federal Reserve's latest policy announcement.

Discount retailer Five Below (NASDAQ:FIVE) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 4% year on year to $1.39 billion. Guidance for next quarter’s revenue was optimistic at $915 million at the midpoint, 2.2% above analysts’ estimates. Its non-GAAP profit of $3.48 per share was 3.3% above analysts’ consensus estimates.

Tesla stock rebounded on Wednesday on news the EV maker was one stop closer to robotaxi ride-hailing in the state of California.

(Bloomberg) -- Oil edged up after a US government report allayed concerns about near-term demand destruction, even as the Federal Reserve forecast slowing economic growth. Most Read from BloombergDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleAmtrak CEO Departs Amid Threats of a Transit Funding PullbackNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoNYC Plans for Flood Protection Without Federal FundsThe Scary Thing About the Wildfire That Was StoppedWest Texas I

(Bloomberg) -- Federal Reserve officials held their benchmark interest rate steady for a second straight meeting, caught between mounting concerns that the economy is slowing and inflation could remain stubbornly high.Most Read from BloombergDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleAmtrak CEO Departs Amid Threats of a Transit Funding PullbackNYC Plans for Flood Protection Without Federal FundsThe Scary Thing About the Wildfire That Was StoppedA Malibu Model for Residents

Shares of airline company United Airlines Holdings (NASDAQ:UAL) jumped 6.4% in the afternoon session as stocks rebounded to start the session amid continued market volatility and moved slightly higher after the Federal Open Market Committee kept rates at 4.25% to 4.50% in its March 2025 meeting. The Jerome Powell-led committee also hinted at two more rate cuts for the year, saying, "Uncertainty around the economy has grown."

Shares of cryptocurrency exchange Coinbase (NASDAQ:COIN) jumped 6.8% in the afternoon session as stocks rebounded to start the session amid continued market volatility and moved slightly higher after the Federal Open Market Committee kept rates at 4.25% to 4.50% in its March 2025 meeting. The Jerome Powell-led committee also hinted at two more rate cuts for the year, saying, "Uncertainty around the economy has grown." The good news is that holding rates steady and signaling two additional cuts t

Shares of energy drink company Celsius (NASDAQ:CELH) jumped 5.7% in the afternoon session as stocks rebounded to start the session amid continued market volatility and moved slightly higher after the Federal Open Market Committee kept rates at 4.25% to 4.50% in its March 2025 meeting. The Jerome Powell-led committee also hinted at two more rate cuts for the year, saying, "Uncertainty around the economy has grown."

Shares of aircraft leasing company FTAI Aviation (NASDAQ:FTAI) jumped 5.8% in the afternoon session as stocks rebounded to start the session amid continued market volatility and moved slightly higher after the Federal Open Market Committee kept rates at 4.25% to 4.50% in its March 2025 meeting. The Jerome Powell-led committee also hinted at two more rate cuts for the year, saying, "Uncertainty around the economy has grown."

Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: DOGE) are up 2.9%, 7.3%, and 3%, respectively, as of 2:30 p.m. ET. The S&P 500 is up 0.8% and the Nasdaq Composite is up 1.1%. All three cryptocurrencies got a boost from news that the SEC's appeal in its case against XRP would be dropped, a major step that confirms the Trump administration's softer approach to crypto regulation, boosting the whole market.