Stocks Turn Higher After Fed Holds Steady

  • 📰 WSJ
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 63%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

The Dow closed above 33000 for the first time, rising after the Fed vowed to maintain its easy-money policies until the economy further recovers

are down 5.6% and 3.1% this year, respectively, while the energy and financial sectors are leading the S&P 500.

“Tech is the funding source for reallocation,” said Jamie Cox, managing partner for Harris Financial Group. “You’re restoring the allocations that you had pre-pandemic.” Money managers have started pricing in a rise in inflation, leading to a selloff in government bonds, and are betting that interest rates will start climbing by the end of next year. They have started exiting stocks that look to be too richly valued after last year’s rally.

“Markets across the board are expensive today, and that is pinned on central-bank support,” said Hugh Gimber, a strategist at J.P. Morgan Asset Management. “So this whole market is very, very sensitive to changes in central-bank policy.” After the Fed’s reassurance that interest rates will stay low, shares of rapidly growing companies rebounded from earlier losses. The Russell 1000 Growth Index was recently up 0.3%, trailing a 0.4% gain by the Russell 1000 Value Index.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Thank you President Biden 🙏

UROCKlive1 DonaldJTrumpJr Hey 💩 weasel. How's these numbers look!!!!?!?!!! Bahahahha

Thank you Trump!

but but but this guy said...

Unlimited money...

So the stock market is rallying on a less than desirable economic picture but more so on the fact that the fed is printing unlimited money? Seems legit. Glad I'll be paying for this until I'm dead and then my kids will pay for it and then their kids will pay for it....

Repent. Heaven is near. God's most powerful prophet is preparing the holy church. This is the two witnesses of the Revelation who will fight the Antichrist during the Seven Years of Tribulation and the Great Tribulation! MidweekLivingWord

So much for Trump’s prediction the market would crash if JoeBiden was elected.

BidenBlessings arrived in people’s bank accounts and they threw it at STONKS

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines