Stocks rose Wednesday even after the Federal Reserve reiterated that it plans to raise interest rates and keep them high in an attempt to tame inflation.
The Dow Jones Industrial Average rose 133 points, or 0.40%, rallying from lows of the day but remaining off the highs. The S&P 500 and the Nasdaq Composite also dipped but remained up 0.75% and 0.69%, respectively.
It was the first positive close of the year for the three major indices and broke two consecutive days of losses. All 11 sectors in the S&P 500 closed higher Wednesday.
@Daily_Discussion
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