The NASDAQ Index Rose Nearly 3% after FOMC Hold Its Policy Rate Steady Near Zero as Expected

Tiger Newspress2022-01-27

U.S. dollar up 0.5% at 114.43 Japanese yen, most Treasury yields turn higher after FOMC statement, with 10-year rate rising above 1.8%,February gold at $1,825.40/oz in electronic trade, after $1,829.70 settlement. Moreover, the Dow Jones rose 1.2%, the NASDAQ Index rose 2.9% and the S&P 500 index rose 1.93%.

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Comments

  • PearlynCSY
    2022-01-27
    PearlynCSY
    The Federal Reserve on Wednesday provided the clearest hint yet that it could start raising interest rates as soon as March. Fed Chairman Jerome Powell said asset purchases also are likely to halt in March. All three major indexes are decidedly negative in January. The Nasdaq is in correction territory, down more than 16% from its intraday high and off 13% for the month. The S&P 500 is down more than 8% to start the year and nearly 10% off its high.
  • SSVC
    2022-01-27
    SSVC
    Yup
  • modder1440
    2022-01-27
    modder1440
    A soft landing day:)
  • SCLIEW
    2022-01-27
    SCLIEW
    666
  • CL777
    2022-01-27
    CL777
    Short lived 
  • Sunshine_2
    2022-01-27
    Sunshine_2
    Good
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