Stocks turn mixed on Wall Street a day after big sell-off

The S&P 500 rose 0.5% as of 3:25 p.m. Eastern. The benchmark index was down as much as 0.8% in early trading. It slumped 3.2% a day earlier, hitting its lowest level in more than a year.

Big technology stocks, which have been swinging sharply both up and down recently, accounted for much of the S&P 500’s turnaround. Apple rose 2.2% and Microsoft rose 2.2%. The central bank has raised its benchmark rate from close to zero, where it sat for much of the coronavirus pandemic. Last week, it indicated it will double the size of future increases.

Russia’s ongoing invasion of Ukraine has only increased worries about rising inflation. The conflict pushed already high oil and natural gas prices even higher, while putting more pressure on costs for key food commodities like wheat and corn. U.S. crude oil prices fell 3.2% on Tuesday, but are up about 36% in 2022. Wheat prices are up more than 40% for the year.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Asia-Pacific stocks set for opening declines following Wall Street tumbleOvernight stateside, the tech-heavy Nasdaq Composite dropped more than 4% as shares on Wall Street fell.
La source: CNBC - 🏆 12. / 72 Lire la suite »

Stocks rise on Wall Street a day after broad sell-offStocks rose in morning trading on Wall Street Tuesday as investors are tempted by lower prices a day after the S&P 500 hit its lowest level in more than a year
La source: WOKVNews - 🏆 247. / 63 Lire la suite »

Wall Street, dragged down by tech stocks, racks up more heavy losses6
La source: washingtonpost - 🏆 95. / 72 Lire la suite »