Stocks close higher, Dow gains 300 points as Fed’s Bostic spurs relief rally: Live updates

to neutral from overweight on Thursday, a day after the discount retailer gave first-quarter EPS guidance and fiscal-year revenue that fell short of Wall Street's expectations.

"Digging deeper, management cited 'multiple moving parts and noise in the last 30-45 days of the quarter' citing Omicron a year ago with forward looking 'caution' tied to an uncertain macroeconomic environment and anniversary of stimulus/fiscal in the marketplace over the past few years," he wrote. Atlanta Federal Reserve President Raphael Bostic said he thinks the central bank can stick with quarter-point interest rate hikes.

Wall Street analysts largely agreed that the plan gave a long-term vision for the company, but they said it lacked specifics on how the electric vehicle giant would get there. Still, many held the ratings they had on the stock heading into the meeting.

Why does the market care what these non voting members are saying. Both Bostic and Bullard shouldn’t even speak durning market hours. Then you have Waller a voting member come out and say they aren’t make much progress after the mark closed.

Every single person who believes this completely wrong. We are in the era of Arthur burns policies. Until theFED does what’s right, which is raising the Fed funds rate, at least above the CPI rate we will be stuck in hyper inflation for a long time. need to raise 100-200bp now

No, they rose because Bostic made a stupid statement, AFTER saying rates were going to have to go higher, he said 'possible pause end of summer', and off it went as the sheep and algos came to the feeding trough. Should be rules against the FED making comments every other day.

Is this a joke? The FED may surprise you and hammer everyone. The entire world is slowing down. This is a huge set up for a massive tidal wave

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