Published 1 year ago

Wall St ends sharply higher after Fed rate hike, Powell comments

Summary by Ground News

The S&P 500 climbed 2.6% and the tech-heavy Nasdaq surged 4.1%. The Dow Jones Industrial Average rose 1.4%. Smaller company stocks also gained, lifting the Russell 2000 2.4% higher. Some Wall Street analysts were less optimistic that the Fed may opt for more moderate rate hikes from here.

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Associated Press News

US stocks jump after Fed rate hike; tech shares surge

Technology companies led a broad rally for stocks on Wall Street Wednesday as investors welcomed another interest rate hike by the Federal Reserve as sign the central bank is ratcheting up its campaign to fight surging inflation.

1 year ago·United States

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CNN

Stocks rise as Fed announces historic rate hike

Here's the latest news on what stocks are doing.

1 year ago·Atlanta, United States

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Washington Times

Wall Street closes higher after new Fed rate hike, earnings

1 year ago·United States

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The Washington Post

US stocks jump after Fed rate hike; tech shares surge

Stocks jumped on Wall Street Wednesday after the Federal Reserve ratcheted up its campaign against surging inflation by raising its key interest rate three-quarters of a point

1 year ago

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KRDO

Stocks rise on Wall Street after new Fed rate hike, earnings

By ALEX VEIGA AP Business WriterStocks are solidly higher in afternoon trading Wednesday after strong earnings from Google’s owner Alphabet and Microsoft lifted investors’ mood. Wall Street is also waiting to hear from the Federal Reserve, which will likely raise interest rates at the end of its two-day meeting. The S&P 500 index was up 1.3% as of 1:29 p.m. Eastern. The gains more than made up for the benchmark index’s losses from a day earlier.…

1 year ago·Colorado Springs, United States

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