Published 2 years ago

Stocks soar on hopes that Fed will slow rate hikes

Summary by Ground News

The Dow was up more than 550 points, or 1.9%, in midday trading. The Nasdaq and S&P 500 surged too, rising 1.4% and 1.7% respectively. Investors have started to become nervous that the Fed’s series of unprecedentedly large rate hikes could tip the economy into recession.

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Associated Press News

Global shares mostly fall as investors watch for inflation

TOKYO (AP) — Global shares were mostly lower Friday in muted trading, as investors kept an eye on inflation and awaited the outcome of a Communist Party congress in China. France's CAC dipped 1.6% in early trading to 5,988.78.

2 years ago·United States

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KRDO

Stocks soar on hopes that Fed will slow rate hikes

2 years ago·Colorado Springs, United States

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KIFI

Stocks soar on hopes that Fed will slow rate hikes - Local News 8

By Paul R. La Monica, CNN BusinessA disastrous earnings report from Snap and less than inspiring results from Dow components American Express and Verizon weren’t enough to keep the Wall Street bulls at bay Friday. Stocks surged on hopes that the Federal Reserve may soon come to the rescue by slowing the pace of its rate hikes.The Dow was up more than 550 points, or 1.9%, in midday trading, even as AmEx and Verizon both fell more than 5%.Stocks o…

2 years ago·Idaho Falls, United States

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CNBC

Dow climbs more than 700 points on Friday as Wall Street clinches its best week since June

The major averages notched notable gains for the week.

2 years ago·United States

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KVIA

Stocks soar on hopes that Fed will slow rate hikes

By Paul R. La Monica, CNN BusinessA disastrous earnings report from Snap and less than inspiring results from Dow components American Express and Verizon weren’t enough to keep the Wall Street bulls at bay Friday. Stocks surged on hopes that the Federal Reserve may soon come to the rescue by slowing the pace of its rate hikes.The Dow was up more than 600 points, or 2%, in midday trading, even as AmEx and Verizon both fell more than 5%.It was a b…

2 years ago·Panama City, United States

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IBTimes

Wall Street Jumps On Hopes Of Smaller Fed Rate Hikes

U.S. stock indexes jumped on Friday after a report said the Federal Reserve will likely debate on signaling plans for a smaller interest rate hike in December, reversing declines set off by social

2 years ago·United States

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