Stocks rise after Fed leaves rates unchanged and Trump's trade comments

From Yahoo Finance: 2025-05-07 17:19:00

Fed Chair Jerome Powell announced that the US central bank will keep interest rates unchanged. The S&P 500 rose 0.4% as investors reacted to the news and President Trump’s comments on trade with China. Charles River Laboratories also saw a surge in shares due to board changes and a strategic review.

Google parent Alphabet saw a decline in stock value as concerns about AI-powered search impacting its engine grew. The S&P 500 broke a two-session losing streak following the Fed’s decision. Disney shares rose nearly 11% after surpassing earnings estimates and highlighting Disney+ subscriber growth.

International Flavors & Fragrances experienced a 7% drop in stock value due to declining net sales. DoorDash shares fell for the second consecutive session after missing revenue estimates. Dayforce shares dropped more than 6% as quarterly profits fell short of expectations.

Read more: Stocks Gain in Volatile Session as Markets React to Fed Meeting, Trump Trade Comments