Stocks rally as investors shake off 'hawkish' Fed: Stock Market News Today

<p>Stocks rallied on Thursday after a muted opening on the heels of the Federal Reserve's "<a href="https://finance.yahoo.com/news/federal-reserve-interest-rate-policy-decision-june-14-2023-180115494.html">hawkish hold</a>" on Wednesday, which suggested more rate hikes are likely later this year while rate cuts in 2023 are now off the table.</p>