US STOCKS-Wall Street Closes Higher after Powell Testimony Eases Investors' Concerns

Reuters2022-01-12

U.S. stock indexes gained ground on Tuesday with Nasdaq leading the advance as investors were relieved that Federal Reserve Chair Jerome Powell's testimony to Congress did not include any major ...

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

  • wayjay1159
    2022-01-12
    wayjay1159
    Powell did mention that interest rates may be raised more than initially planned if inflation remains high. Hope the CPI will peak in Dec 2021.
  • KingJo
    2022-01-12
    KingJo
    Wow ok
  • LimLS
    2022-01-12
    LimLS
    Guess the market like what Powell is saying. Still hawkish but not as bad as what some had previously thought. The economy is still recovering so the general trend should still be up. Buying on dips will still be valid for 2022, but only for the strong companies with earnings to back them up. Avoid the hyped up companies with no earning
  • CokePepsi
    2022-01-12
    CokePepsi
    Great
  • SK19
    2022-01-12
    SK19
    One just can’t help feeling that the sequence of events is akin choreographed 😅
  • Jialatsia
    2022-01-12
    Jialatsia
    Meep
Leave a comment
385