U.S. stocks popped to session highs then pulled back to remain slightly higher Wednesday in a relatively subdued reaction after the Federal Reserve, as expected, delivered a half-point increase to the fed funds rate and set out its timetable to aggressively begin winding down its near $9 trillion balance sheet. The Dow Jones Industrial Average DJIA, +0.77% was up 86 points, or 0.
3%,versus a gain of around 180 points ahead of the announcement. The S&P 500 SPX, +0.64% and Nasdaq Composite COMP, +0.17% were each 0.2% higher. The yield on the 10-year Treasury note TMUBMUSD10Y, 2.963% trimmed a rise slightly to trade at 2.964%, while the 2-year Treasury yield TMUBMUSD02Y, 2.784% remained up around 2 basis points at 2.789%. Yields and debt prices move opposite each other.
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:
$BBBY IS THE ONLY PLAY BUYBUYBABY GETS BOUGHT OUT THIS MONTH buybuyBABY BedBathBeyond the pandemic has caused a BabyBoom the rise of babies ryancohen selling off BuyBuyBaby will help $BBBY debt, maybe pay dividends in the future HODL $GME MayThe4thBeWithYou CincodeMayo
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australia stocks set for higher start as investors look ahead to Fed rate decisionThe U.S. Federal Reserve is expected to raise interest rates on Wednesday for the second time since 2018.
Source: CNBC - 🏆 12. / 72 Read more »
Stocks Could Plunge Another 15% After Fed-Spurred Selloff—Will The Economy Fall Into Recession?One analyst worries inflation will force the Fed to hike rates 'until it hurts.' Experts weigh in on whether a recession is around the corner. Most American media are avoiding any recession reporting is a shame not preparing americans , just look at Amazon loose last week people can’t afford to keep buying Chinese junk
Source: Forbes - 🏆 394. / 53 Read more »
These deeper economic shifts threaten to unleash yet more havoc for stocksOPINION: “Long-term inflation expectations, expansive European spending and fresh threats to trade integration could make the next business cycle very different from the last.'
Source: MarketWatch - 🏆 3. / 97 Read more »
Crypto vs Stocks - A Comparison | CoinMarketCapNew to financial markets? Not sure what's the most profitable investment option? Here is a detailed and neutral analysis of crypto vs stocks. Find out which asset you chose go for! babydoge feg kishu elon BTT SHIB Just DYOR you will be fine. WEYU NFT NFTs BAYC Altcoin weyuofficial weyuofficial WEYU NFT NFTs Altcoin BAYC
Source: CoinMarketCap - 🏆 290. / 63 Read more »
Jim Cramer explains why owning stocks is 'worth the risk' right nowCNBC's Jim Cramer explained on Tuesday's episode of 'Mad Money' why investors shouldn't sell off all their stocks despite the current market turbulence. Jinxed Great as if we didn’t have enough headwinds holding us back. The Paradox of Investing - It is to be greedy when people are fearful and fearful when people are greedy.
Source: CNBC - 🏆 12. / 72 Read more »
Stocks making the biggest moves after hours: Airbnb, Lyft, Starbucks and moreSee which stocks are posting big moves after the bell.
Source: CNBC - 🏆 12. / 72 Read more »