US equities continue to rise as bond rates decline

 US equities continue to rise as bond rates decline

The Dow Jones Industrial Average was up 0.8 percent at 33,525.31 after about 15 minutes of trade.

The tech-heavy Nasdaq Composite Index surged 1.4 percent to 13,243.00, while the broad-based S&P 500 climbed 1.2 percent to 4,287.20.

After the most recent Federal Reserve decision, US Treasury bond rates declined, and Wall Street equities continued to rise early on Thursday, extending the week's surge.

The Fed held interest rates steady on Wednesday for the second consecutive day, as was to be anticipated.

The market "thinks that is just lip service that won't ultimately translate into a genuine rate-hike action," according to Briefing.com analyst Patrick O'Hare, despite the central bank's indication that it may raise interest rates again in the future.

The Dow Jones Industrial Average was up 0.8 percent at 33,525.31 after about 15 minutes of trade.

The tech-heavy Nasdaq Composite Index surged 1.4 percent to 13,243.00, while the broad-based S&P 500 climbed 1.2 percent to 4,287.20.

Out of the individual firms, Starbucks had a roughly 10% increase in value after revealing a 12 percent increase in quarterly sales to $6.9 billion, which included the opening of 816 new locations during the time.

The food giant Mondelez gained 2.2% after it increased its full-year projection after reporting better-than-expected quarterly sales and earnings.

The October employment data is due out on Friday, and the markets are anticipating Apple's results later on Thursday.