Wall Street rises for 3rd straight session after Fed holds rates; Oracle surges 10.7%

Wall Street's three major indexes all rose Wednesday after the Federal Reserve held its benchmark interest rate steady. Investors' caution eased as Fed Chair Kevin Warsh stopped short of signaling whether the central bank would raise rates in December.

On the New York Stock Exchange on Wednesday (local time), the Dow Jones Industrial Average closed up 97.53 points, or 0.19 percent, at 52,475.10. The S&P 500 gained 21.38 points, or 0.28 percent, to finish at 7,743.98, while the tech-heavy Nasdaq Composite rose 72.04 points, or 0.27 percent, to close at 26,549.85.

With the gains, all three major indexes extended their winning streak to three consecutive trading sessions.

Market attention that day centered on the Fed's monetary policy decision and Warsh's press conference. The Fed held its benchmark interest rate unchanged, and Warsh offered no clear direction on the possibility of a rate hike in December.

Markets appeared to take note that while the Fed left uncertainty around its future monetary policy path, it did not signal any imminent additional tightening.

Among individual stocks, software company Oracle stood out with a sharp advance. Oracle announced a long-term growth outlook projecting that its annual sales would grow 35 percent per year, putting it on track to meet its fiscal year 2030 revenue target.

The forecast fueled expectations for future earnings growth, sending Oracle's share price up 10.73 percent on the day.