Nasdaq, S&P 500, Dow Jones Race Higher As Fed's Powell Touts Front-Loading Hikes

Seeking Alpha2022-06-16

Stocks are bouncing back Wednesday, rallying as Fed Chairman Jay Powell said another hike of75 basis pointsis possible in July.The Nasdaq (COMP.IND)+3.12%, S&P 500 (SP500)+2.15%and Dow (DJI),+1.51%, ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

YueShan
2022-06-16
YueShan
Ok
VivianChua
2022-06-16
VivianChua
Ok 👌
Simonnov
2022-06-16
Simonnov
Ic
Mushroom88
2022-06-16
Mushroom88
Like
Looyusooi
2022-06-16
Looyusooi
Ok
Jess261
2022-06-16
Jess261
Okay

Leave a comment

484

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1156507730?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-06-16 03:40","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1156507730","market":"us","top_or_hot":-1,"title":"Nasdaq, S&P 500, Dow Jones Race Higher As Fed's Powell Touts Front-Loading Hikes","media":"Seeking Alpha","content":"<div>\n<p>Stocks are bouncing back Wednesday, rallying as Fed Chairman Jay Powell said another hike of75 basis pointsis possible in July.The Nasdaq (COMP.IND)+3.12%, S&P 500 (SP500)+2.15%and Dow (DJI),+1.51%, ...</p>\n\n<a href=\"https://seekingalpha.com/news/3848706-dow-jones-sp-500-nasdaq-stock-market-fed-ecb\">Source Link</a>\n\n</div>\n","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nasdaq, S&P 500, Dow Jones Race Higher As Fed's Powell Touts Front-Loading Hikes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNasdaq, S&P 500, Dow Jones Race Higher As Fed's Powell Touts Front-Loading Hikes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-16 03:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3848706-dow-jones-sp-500-nasdaq-stock-market-fed-ecb><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stocks are bouncing back Wednesday, rallying as Fed Chairman Jay Powell said another hike of75 basis pointsis possible in July.The Nasdaq (COMP.IND)+3.12%, S&P 500 (SP500)+2.15%and Dow (DJI),+1.51%, ...</p>\n\n<a href=\"https://seekingalpha.com/news/3848706-dow-jones-sp-500-nasdaq-stock-market-fed-ecb\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":".SPX","symbol_name":"S&P 500 Index","start_time":0,"source_url":"https://seekingalpha.com/news/3848706-dow-jones-sp-500-nasdaq-stock-market-fed-ecb","article_id":"1156507730","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1156507730","pubTimestamp":1655322036,"sourceInfo":null,"weMediaInfo":null,"summary":"Stocks are bouncing back Wednesday, rallying as Fed Chairman Jay Powell said another hike of75 basis","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"translate_title":"纳斯达克，标普500，道琼斯上涨，美联储鲍威尔吹捧提前加息","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9},"content_text":"Stocks are bouncing back Wednesday, rallying as Fed Chairman Jay Powell said another hike of75 basis pointsis possible in July.The Nasdaq (COMP.IND)+3.12%, S&P 500 (SP500)+2.15%and Dow (DJI),+1.51%, are solidly higher after struggling to hold gains going into Powell'spress conference.Rates are moving back around lows. The 10-year Treasury yield is down 10 basis points to 3.38% and the 2-year is down 11 basis points to 3.33%. Both had been down more than 10 basis points before the decision.Powell said that hikes of 75 basis points would not be \"common,\" but that the FOMC was looking at a choice between 75 and 50 in July, which would bring rates to a \"more normal range\" and give the Fed more flexibility.Fed watchers also took notice when he said the Fed was \"determined\" to keep inflation expectations around 2%.The ramp up in the Fed's dot plot of economic expectations may have worried equity investors. The year-end median expecation for the fed funds rate shot up to 3.4% and 3.8% in 2023.That would require hikes of 50 basis points through the rest of the year.Projections also have inflation coming down to 5.2% by the end of 2022.\"We have never had a period where inflation has come down by more than 2% without having a recession,\" Guggenheim's Scott Minderd said on Bloomberg TV. \"So if those numbers are real and that's what's going to happen, we are destined for a recession.\"Earlier, stock rose after major European indexes popped as the ECB called an emergency policy meeting where the central bank instructed staff to create a new tool to address yield fragmentation.\"Not exactly a bazooka,\" economics lecturer Daniel McLaughlin tweeted. \"The ECB called an emergency meeting this AM, so explicitly acknowledging that fragmentation is already there in the EA, and said it would reinvest the PEPP flexibly (as it said it could last week) and has set up committees to come up with something else.\"Before the bell the market digested weak May retail sales numbers. Sales fell 0.3%, compared with forecasts for a rise of 0.1%, while April's figure was revised down.The retail control group, which goes into GDP calculations, was flat.The \"factors that have sustained spending thus far are getting near the end of their rope, and we are increasingly concerned that goods spending will slow sharply and that will be particularly evident in retail sales which is mostly a measure of goods spending,\" Wells Fargo said.Among active stocks, Netflix is the biggest S&P gainer after betting a vote of confidence on ad revenue from Cowen.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9054123465,"gmtCreate":1655355450557,"gmtModify":1676535621988,"author":{"id":"3583033297199166","authorId":"3583033297199166","name":"YueShan","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3583033297199166","authorIdStr":"3583033297199166"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9054123465","repostId":1156507730,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9054182540,"gmtCreate":1655353487880,"gmtModify":1676535621642,"author":{"id":"3580011914778910","authorId":"3580011914778910","name":"VivianChua","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"3580011914778910","authorIdStr":"3580011914778910"},"htmlText":"Ok 👌","listText":"Ok 👌","text":"Ok 👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9054182540","repostId":1156507730,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9054115103,"gmtCreate":1655352329403,"gmtModify":1676535621190,"author":{"id":"4097750438225520","authorId":"4097750438225520","name":"Simonnov","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4097750438225520","authorIdStr":"4097750438225520"},"htmlText":"Ic","listText":"Ic","text":"Ic","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9054115103","repostId":1156507730,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9054392427,"gmtCreate":1655341855369,"gmtModify":1676535617944,"author":{"id":"4112443956308662","authorId":"4112443956308662","name":"Mushroom88","avatar":"https://community-static.tradeup.com/news/cc3c319d319348d2162ea1862b1ed950","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"4112443956308662","authorIdStr":"4112443956308662"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9054392427","repostId":1156507730,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9054973288,"gmtCreate":1655340606444,"gmtModify":1676535617333,"author":{"id":"4100437715079400","authorId":"4100437715079400","name":"Looyusooi","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4100437715079400","authorIdStr":"4100437715079400"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9054973288","repostId":1156507730,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9054964801,"gmtCreate":1655338868703,"gmtModify":1676535616265,"author":{"id":"3586490638953193","authorId":"3586490638953193","name":"Jess261","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3586490638953193","authorIdStr":"3586490638953193"},"htmlText":"Okay","listText":"Okay","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9054964801","repostId":1156507730,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":484,"commentSize":70,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1156507730"}