London( CNN Business) 1. Fed boosts marketplaces: Global marketplaces were higher Thursday, following a surge on Wall Street late Wednesday. The optimism was fueled by the Federal Reserve’s decision to keep interest rates on holdbecause of hazards to global growth.
The Dow Jones industrial median climbed 1.8% on Wednesday, closing above 25,000 for the first time since December 7. The S& P 500 was up 1.6%, and the Nasdaq was up 2.2%.
Sentiment got another lift after marketplaces closed when Facebook ( revealed a record $ 6.9 billion profit for the final three months of 2018, despite its seemingly endless PR crises. That was a jump of 61% from the same period a year earlier and well ahead of Wall Street estimations. Its shares were up more than 10% in extended trading. )