The Fed increased interest rates by 75 basis points as many expected after last week’s inflation data. Initially, the market dipped, but then a rally came after Jerome Powel’s comments following the rate hike.
A wait-and-see day ended with a further dip across the market, but a bounce in technology stocks helped the Nasdaq end the day with a gain. Investors’ full attention is on the Fed’s rate-hike decision on Wednesday.
pitulated in grandiose style with eleven stocks declining for every advancing stock on the Nasdaq. Both stock and bond prices dropped sharply as worries about inflation grew.
Inflation data came in worse than expected sending stock and bond prices falling.
Sellers took charge again as investor fears over inflation took hold ahead of the Consumer Price Index data due on Friday.
Indexes finished lower on Wednesday as investors fret over a slowing economy and wait for inflation data to come later this week.
the economy. Some say a recession is already here. Others say it’s yet to come. Will it be big or small?
Indexes faded from an early morning rally as bond yields rose sharply. Chinese stocks rose on optimism after the Chinese government said they would conclude an investigation into Didi later this week.
An ominous mail from Elon Musk to Tesla management topped the headlines on Friday and certainly dragged down the Nasdaq. However, it was likely the stronger-than-expected Nonfarm Payrolls that caused wider spread declines.
mployment data to add to a mixed bag of good and bad economic signals this week.