Stocks close higher Thursday following a volatile trading session: Live updates

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Stocks ended the session higher on Thursday in what was a turbulent trading session as traders bet that the Federal Reserve may be nearing the end of its rate hiking cycle. The Dow gained 0.23%. The S&P 500 rose 0.29%. The Nasdaq surged 1.01%.

LPL Financial's chief global strategist Quincy Krosby says that while the Federal Reserve's announcement on Wednesday came in line with expectations, Treasury Secretary Janet Yellen's separate remarks the same day was different than what the central bank was messaging.

"Janet Yellen was at another meeting saying something that contradicted what she had previously indicated regarding the protection of all depositors. At 3:00 p.m. ET, the downdraft in the market began as she did a complete 180, and said it would depend, again suggesting that not all banks would be deemed important and not all depositors would be made whole in the event of a run," Krosby added.

Wall Street has shifted its focus away from the Federal Reserve's interest rate hikes to the banking crisis, said Brad McMillan, chief investment officer at Commonwealth Financial Network.announced Wednesday because it was already expected.

Charles Schwab's chief investment strategist Liz Ann Sonders says that the economic volatility of recent weeks is exposing the effects of years of near-zero interest rates. Sonders said that weaknesses are not just contained to the banking sector, but across the broader business environment.

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Bullish.. with small correction

haha great way to frame it losers

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Stocks slide following Fed’s rate hike, Dow sheds more than 500 points: Live updatesStocks tumbled on Wednesday as the Federal Reserve continued hiking rates, while at the same time acknowledging turmoil in the banking sector could slow the already fragile economy. The Dow shed 1.63%. The S&P 500 fell 1.65%. The Nasdaq lost 1.60%. DIDN'T JIM CRAMER JUST SAY DON'T SHORT THE NASDAQ. LMAO HE IS THE BEST INDICATOR IN THE WRONG DIRECTION. jimcramer And also kind of indicated said no pause on rate hikes this year SenWarren POTUS federalreserve WSJ business SquawkCNBC steveliesman Fed chair Powell is the destroyer of wealth keeping interest rates too low, too long. Now he’s running scared. The tougher he talks the weaker he appears. Financial calamity coming. Fire him.
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