New York:The New York stock market closed with gains following the Federal Reserve's decision to keep its policy interest rate unchanged.

According to Anadolu Agency – English, the Dow Jones Industrial Average increased by 97.53 points, or 0.19%, to 52,475.10. The S&P 500 rose by 0.28%, or 21.38 points, to 7,743.98, while the Nasdaq Composite saw an increase of 0.27%, or 72.04 points, closing at 26,549.85. Meanwhile, the Volatility Index (VIX), known as the market's "fear index," decreased by 4.22% to 16.78.

The Federal Reserve's decision to hold its policy interest rate steady within the range of 3.75%-4% was anticipated by the market. The decision was made with a vote of 10 to 2, as Fed Governor Lisa Cook and Cleveland Fed President Beth Hammack supported a 25-basis-point rate hike. Fed Chair Kevin Warsh indicated that inflation remains above the central bank's 2% target, emphasizing the Fed's readiness to act to restore price stability. Warsh noted that policymakers focused primarily on addressing price pressures during their two-day discussions.

Additionally, shares of Oracle surged nearly 11% after the software company projected $225 billion in revenue for the 2030 fiscal year. Alphabet's revenue increased by 25% to $127.6 billion in the third quarter, and Microsoft's revenues rose by 19% to $92.3 billion during the July-September period. Analysts are closely monitoring whether these tech giants' investments in artificial intelligence infrastructure will lead to sustained revenue growth.

In Europe, stock markets closed with mixed results. The pan-European Stoxx Europe 600 index was up by 0.07% to 644.14 points. Britain's FTSE 100 and Germany's DAX 40 saw increases, while France's CAC 40 remained unchanged. Italy's FTSE MIB 30 climbed, but Spain's IBEX 35 fell by 1.45%.