Markets rose on Wednesday.
The S&P 500 rose 0.2 percent, the STOXX Europe 600 rose 0.4 percent and the Nikkei 225 soared 1.9 percent.
The Federal Reserve left interest rates unchanged at its monetary policy meeting on Wednesday but markets are expecting a rate hike in December.
“What they're doing is giving everyone a chance to prepare themselves for a December rate hike,” said Anthony Conroy, president at Abel Noser.
However, Wharton School finance professor Jeremy Siegel told CNBC on Tuesday that tax reform has not been completely priced into the market and could drive the market higher. “I think we're going to get to 24,000” for the Dow Jones Industrial Average, he said.
Indeed, with the year-end season here and market trend strong, many analysts are confident of further gains for stocks, with Strategas technical analyst Todd Sohn seeing a possible market melt-up.
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