U.S. stocks closed up nearly 1% or more, with the Federal Reserve expected to cut interest rates twice more this year

The three major U.S. stock indices closed up nearly 1% or more, as the Federal Reserve maintained interest rates and is expected to cut rates twice more this year. The Dow Jones Industrial Average closed at 41,964 points, up 383 points (0.9%); the Nasdaq Composite closed at 17,750 points, up 246 points (1.4%); the S&P 500 closed at 5,675 points, up 60 points (nearly 1.1%). Boeing's stock price surged nearly 7%, and financial stocks and large tech stocks also generally rose. U.S. Treasury yields fell, with the 10-year yield dropping to 4.24%