Sunday, February 5, 2023
[email protected]
 Fintech Zoom
  • MARKETS
    • Trading
    • Stock Futures
    • Exchange Traded Fund (ETF)
    • Best Stocks To Buy Now
    • Penny Stocks
    • Forex Market
    • Bonds & Rates
    • Stock Market Guides
    • Commodities
    • Breaking Stock Market News
    • Reviews in Stock Market
    • Asian Markets
    • European Markets
    • US Markets
  • WORLD INDICES
    • DAX PERFORMANCE-INDEX
    • Russel 2000 (RUT)
    • STOXX Europe 600 (SXXP)
    • Euro Stoxx 50
    • CAC 40 Index (FCHI)
    • FTSE 100 Index
    • Nikkei 225 Index
    • HSI – Hang Seng Index
    • NSE Nifty 50 Index
    • NASDAQ Composite Index
    • Dow Jones (INDEXDJX: .DJI)
    • S&P 500 Index
    • ASX – Australian
  • BUSINESS
  • CRYPTO
    • Metaverse
    • Tokens
    • Crypto Reviews
    • NFT : Non-Fungible Tokens
    • Stablecoins
    • Blockchain
    • Ethereum
    • Buy Bitcoin
    • Best Crypto
    • Bitcoin
    • Altcoins
  • MONEY
    • Insurance
    • Taxes
    • Mortgages
    • Loans
    • Personal Finances
    • Credit Cards
    • Interest Rates
  • BANKING
    • Banks Near Me
    • Payments
    • ATM Near me
    • Best Banks
    • Banks Guides
    • Transfer Money Online
    • Mobile Banking
    • Digital Bank
  • TECH
    • Social Media
    • Login
    • Error Pages
    • Is It Down?
    • Download
    • Settings
  • LUXURY
    • Luxury Food & Drink
    • Luxury Cars
    • Luxury Style
    • Luxury Motors
    • Luxury Travel
    • Luxury Tech
  • LIFESTYLE
    • Travel
    • Real Estate
    • Entertainment
    • Health
    • Cars
    • Famous People
    • Near Me
    • Life
    • Weather Tomorrow
  • ABOUT US
    • Why Fintech Zoom?
    • Advertise with Us
    • Fintech Zoom Logo
    • FintechZoom PRO
No Result
View All Result
  • MARKETS
    • Trading
    • Stock Futures
    • Exchange Traded Fund (ETF)
    • Best Stocks To Buy Now
    • Penny Stocks
    • Forex Market
    • Bonds & Rates
    • Stock Market Guides
    • Commodities
    • Breaking Stock Market News
    • Reviews in Stock Market
    • Asian Markets
    • European Markets
    • US Markets
  • WORLD INDICES
    • DAX PERFORMANCE-INDEX
    • Russel 2000 (RUT)
    • STOXX Europe 600 (SXXP)
    • Euro Stoxx 50
    • CAC 40 Index (FCHI)
    • FTSE 100 Index
    • Nikkei 225 Index
    • HSI – Hang Seng Index
    • NSE Nifty 50 Index
    • NASDAQ Composite Index
    • Dow Jones (INDEXDJX: .DJI)
    • S&P 500 Index
    • ASX – Australian
  • BUSINESS
  • CRYPTO
    • Metaverse
    • Tokens
    • Crypto Reviews
    • NFT : Non-Fungible Tokens
    • Stablecoins
    • Blockchain
    • Ethereum
    • Buy Bitcoin
    • Best Crypto
    • Bitcoin
    • Altcoins
  • MONEY
    • Insurance
    • Taxes
    • Mortgages
    • Loans
    • Personal Finances
    • Credit Cards
    • Interest Rates
  • BANKING
    • Banks Near Me
    • Payments
    • ATM Near me
    • Best Banks
    • Banks Guides
    • Transfer Money Online
    • Mobile Banking
    • Digital Bank
  • TECH
    • Social Media
    • Login
    • Error Pages
    • Is It Down?
    • Download
    • Settings
  • LUXURY
    • Luxury Food & Drink
    • Luxury Cars
    • Luxury Style
    • Luxury Motors
    • Luxury Travel
    • Luxury Tech
  • LIFESTYLE
    • Travel
    • Real Estate
    • Entertainment
    • Health
    • Cars
    • Famous People
    • Near Me
    • Life
    • Weather Tomorrow
  • ABOUT US
    • Why Fintech Zoom?
    • Advertise with Us
    • Fintech Zoom Logo
    • FintechZoom PRO
No Result
View All Result
FintechZoom
No Result
View All Result

Dow Today – Wall Street set to rise as Fed wages war on inflation

Alex Lowe by Alex Lowe
January 10, 2022
in Dow Jones
0

Home » Dow Today – Wall Street set to rise as Fed wages war on inflation

Dow Today – Wall Street set to rise as Fed wages war on inflation

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 29, 2021. REUTERS/Brendan McDermid

Register now for FREE unlimited access to Reuters.com

  • Fed to end bond purchases, signals rate hikes in 2022
  • Big tech stocks, banks lead early gains
  • Lennar slips on missing quarterly profit
  • Futures up: Dow 0.62%, S&P 0.64%, Nasdaq 0.52%

Dec 16 (Reuters) – Wall Street’s main indexes were set to climb on Thursday after the Federal Reserve announced a faster wind-down of its pandemic-era stimulus, calming some nerves around surging price pressures.

The U.S. central bank said on Wednesday it would end its bond purchases in March and signaled three quarter-percentage-point interest rate hikes by the end of 2022. read more

Fed Chair Jerome Powell said the U.S. economy no longer needed increasing amounts of policy support as annual inflation has been running at more than double the central bank’s target in recent months, while the economy nears full employment.

Register now for FREE unlimited access to Reuters.com

“Is the ‘Santa rally’ finally here? Markets certainly seem to have a spring in their step … the prospect of three interest rate hikes in 2022 would suggest the central bank has a clear plan to not let inflation get out of control,” Russ Mould, investment director at AJ Bell, wrote in a client note.

“Equally, it isn’t being too aggressive to trip up the economy. This sense of balance is exactly what investors want, and an upbeat tone from the Fed certainly seems to have rubbed off on markets.”

Recent readings on surging producer and consumer prices as well as the fast-spreading Omicron variant of the coronavirus have fueled anxiety, but with most of the biggest market-moving events for the year now over, the benchmark S&P 500 (.SPX) inched closer to a record high.

“I would say that a sprint to the finish likely is what this market should expect,” said Art Hogan, chief market strategist at National Securities in New York.

RelatedPosts on FintechZoom

Dow Jones Industrial Average (INDEXDJX: .DJI) down 0.11% today. Microsoft +4.69%, 3M +3.89 %, Intel +3.85%

What is the Dow Jones and why is it Important?

What Is Bear Market? An Ultimate Guide

What is Dow Jones Today – Dow Jones futures rose 1.4%

Dow Jones Forecast: Dow Jones Industrial Average Rises for Fourth Consecutive Day

Dow Jones made a Breakthrough, Will It be Able to Continue?

“There’s a real good chance that a lot of the things that have caused turbulence in both November and much of December are now in the rear view mirror, and markets might now be able to glide higher.”

Big technology stocks and banks were leading the gains in premarket trading. Shares in Tesla Inc ((TSLA).O), Microsoft Corp ((MSFT).O), Apple Inc (AAPL.O), Meta Platforms Inc (FB.O) and Amazon.com Inc (AMZN.O)rose between 0.2% and 1.5%.

Bank stocks including JPMorgan Chase & Co (JPM.N), Morgan Stanley (MS.N), Bank of America ((BA)C.N), Wells Fargo and Citigroup (C.N) gained between 1.4% and 1.7%.

At 8:33 a.m. ET, Dow e-minis were up 224 points, or 0.62%, S&P 500 e-minis were up 30.25 points, or 0.64%, and Nasdaq 100 e-minis were up 85.25 points, or 0.52%.

Data showed the number of Americans filing new claims for unemployment benefits increased moderately last week, remaining at levels consistent with tightening labor market conditions. read more

Lennar Corp (LEN.N) fell 4.9% after the homebuilder missed analysts’ estimates for quarterly profit as pandemic-led supply chain issues pushed lumber costs higher and delayed house deliveries.

Data firm IHS Markit is scheduled to release manufacturing, services, and composite PMI surveys for December later in the day.

Register now for FREE unlimited access to Reuters.com

Reporting by Shreyashi Sanyal in Bengaluru; Editing by Saumyadeb Chakrabarty and Maju Samuel

Our Standards: The Thomson Reuters Trust Principles.

Dow Today – Wall Street set to rise as Fed wages war on inflation

Tags: Dow Today

Stock Market

Latest News on C N N.

Tags: AMERSBLRCENCOVIDecoECONGENHEAHUMDISINFDISINFLINTMCEMEDSTMKTREPMPLTNAMERNEWS1PLCYrepSTXTOPNWSUS
Alex Lowe

Alex Lowe

Alex is a financial writer covering forex. He is a expert financial journalist whose credits include Bloomberg, FT of London, Chicago Tribune. Contact: [email protected]

Related Posts

Dow Jones | FintechZoom

Dow Jones Industrial Average (INDEXDJX: .DJI) down 0.11% today. Microsoft +4.69%, 3M +3.89 %, Intel +3.85%

February 2, 2023
Wall Street - FintechZoom

What is the Dow Jones and why is it Important?

October 17, 2022

What Is Bear Market? An Ultimate Guide

October 16, 2022

What is Dow Jones Today – Dow Jones futures rose 1.4%

June 21, 2022

Dow Jones Forecast: Dow Jones Industrial Average Rises for Fourth Consecutive Day

May 26, 2022

Dow Jones made a Breakthrough, Will It be Able to Continue?

May 26, 2022

Dow Jones Forecast: INDEXDJX: .DJI Continues Upside closing at +0.60%

May 25, 2022

Dow Jones Slightly Up, Trying to Survive Bearish Trend

May 25, 2022

INDEXDJX: .DJI – Dow Jones falls (-0.75%) as Snap drops 39%

May 24, 2022
Next Post
Dollar ticks up as case for March Fed hike grows

Dollar ticks up as case for March Fed hike grows

Analysis: Argentina’s strategy toward IMF deal hits a wall of doubt

Analysis: Argentina's strategy toward IMF deal hits a wall of doubt

Global stocks mixed after Wall St falls on rate hike worries

Global stocks mixed after Wall St falls on rate hike worries

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • About
  • Advertise
  • Careers
  • Loans
Call us: + 1 917 9939840

© 2020 FINTECH ZOOM - WORLD FINANCE

No Result
View All Result
  • MARKETS
    • Trading
    • Stock Futures
    • Exchange Traded Fund (ETF)
    • Best Stocks To Buy Now
    • Penny Stocks
    • Forex Market
    • Bonds & Rates
    • Stock Market Guides
    • Commodities
    • Breaking Stock Market News
    • Reviews in Stock Market
    • Asian Markets
    • European Markets
    • US Markets
  • WORLD INDICES
    • DAX PERFORMANCE-INDEX
    • Russel 2000 (RUT)
    • STOXX Europe 600 (SXXP)
    • Euro Stoxx 50
    • CAC 40 Index (FCHI)
    • FTSE 100 Index
    • Nikkei 225 Index
    • HSI – Hang Seng Index
    • NSE Nifty 50 Index
    • NASDAQ Composite Index
    • Dow Jones (INDEXDJX: .DJI)
    • S&P 500 Index
    • ASX – Australian
  • BUSINESS
  • CRYPTO
    • Metaverse
    • Tokens
    • Crypto Reviews
    • NFT : Non-Fungible Tokens
    • Stablecoins
    • Blockchain
    • Ethereum
    • Buy Bitcoin
    • Best Crypto
    • Bitcoin
    • Altcoins
  • MONEY
    • Insurance
    • Taxes
    • Mortgages
    • Loans
    • Personal Finances
    • Credit Cards
    • Interest Rates
  • BANKING
    • Banks Near Me
    • Payments
    • ATM Near me
    • Best Banks
    • Banks Guides
    • Transfer Money Online
    • Mobile Banking
    • Digital Bank
  • TECH
    • Social Media
    • Login
    • Error Pages
    • Is It Down?
    • Download
    • Settings
  • LUXURY
    • Luxury Food & Drink
    • Luxury Cars
    • Luxury Style
    • Luxury Motors
    • Luxury Travel
    • Luxury Tech
  • LIFESTYLE
    • Travel
    • Real Estate
    • Entertainment
    • Health
    • Cars
    • Famous People
    • Near Me
    • Life
    • Weather Tomorrow
  • ABOUT US
    • Why Fintech Zoom?
    • Advertise with Us
    • Fintech Zoom Logo
    • FintechZoom PRO

© 2020 FINTECH ZOOM - WORLD FINANCE