U.S. stocks rise ahead of expected interest rate hike by Fed

  • 📰 latimes
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 82%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Stocks closed higher on Wall Street after swaying between small gains and losses much of the day as investors brace for another big interest rate increase this week from the Federal Reserve

A choppy day of trading on Wall Street ended with stocks closing higher Monday as investors brace for anotherThe indexes swayed between modest gains and losses for much of the day before a burst of buying in the final hour of trading. The Standard & Poor’s 500 rose 0.7%, climbing back from a 0.9% slide. The Dow Jones industrial average rose 0.6%, and the Nasdaq composite climbed 0.8%.

Healthcare and real estate stocks fell, tempering gains elsewhere in the market. Pfizer fell 1.3% and Welltower slid 2.2%.The yield on the two-year Treasury, which tends to follow expectations for Fed action, rose to 3.94% from 3.87% late Friday. The yield on the 10-year Treasury, which influences mortgage rates, rose to 3.49% from 3.45%.

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:

 /  🏆 11. in ZA
 

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

Infinitely long can look at three things: how the water flows, as the fire burns, and the Stars and Stripes.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street's Top Analysts Bet on These Stocks as Economic Uncertainty IncreasesTipRanks analyst ranking service pinpoints Wall Street’s best-performing stocks, including Apple & Nvidia.
Source: nbcchicago - 🏆 545. / 51 Read more »

Wall Street investors fear economic nightmare, stock market crash, inflationInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. Behind paywall... Economic nite mare has been here? GaHouseHub GOP GOPGovs GaRepublicans
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock Market News, Sept. 19, 2022: Dow Finishes Up About 200 PointsThe 10-year Treasury yield closed at its highest level in a decade ahead of this week's Fed meeting, while two-year yields ended at a 15-year high Dollar's economy crash day by day only Catholic jeo Biden failed All policies & now popularity of Biden down fall day by day American china SaudiArabia Russia but Ruble currency day by day powerful That translates to NOTHING for most of us. We’re out here s wrapping change to buy a gallon of effing milk.
Source: WSJ - 🏆 98. / 63 Read more »