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Stocks Hold Gains, Treasury Yields Mixed In Muted Reaction To Fed Rate Hike

Dow Jones2022-07-28

U.S. stock indexes briefly added to gains in a modest reaction after the Federal Reserve, as expected, raised its fed-funds rate by 75 basis points, or three-quarters of a percentage point.

Stock indexes briefly added to gains then returned to levels seen ahead of the session, with the Dow Jones Industrial Average up around 124.92 points, or 0.39%, while the S&P 500 was 1.41% higher and the Nasdaq Composite showed a gain of 2.56%.

The yield on the 10-year Treasury note remained lower on the day at 2.77% but up slightly from 2.759% ahead of the Fed announcement, while the 2-year yield ticked up to 3.077% from 3.057%, deepening an inversion of the yield curve.

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Comment28

  • Hairi1906
    ·2022-07-28
    Good to know
    Reply
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  • Jess261
    ·2022-07-28
    Okay
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  • Swordmerlin
    ·2022-07-28
    Ok 
    Reply
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  • BennyTay
    ·2022-07-28
    👍
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  • cassan
    ·2022-07-28
    Ok
    Reply
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  • Abundance Thankful
    ·2022-07-28
    Wow
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  • liangwee888
    ·2022-07-28
    k
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  • Mindthink
    ·2022-07-28
    Ok
    Reply
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  • EHG
    ·2022-07-28
    Like 
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  • eo1668
    ·2022-07-28
    Good 
    Reply
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  • PCK
    ·2022-07-28
    Ok
    Reply
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  • ASMH
    ·2022-07-28
    Like 
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  • ramius75
    ·2022-07-28
    👍
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  • Simonnov
    ·2022-07-28
    Ic
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  • Remotecam
    ·2022-07-28
    September rate hike of at least 75bs makes today's gains a big bull trap.  Carefull guys.  
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  • ZenInv
    ·2022-07-28
    Yield tells us stories
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  • Chitz
    ·2022-07-28
    Like
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  • lowmy
    ·2022-07-28
    The market already priced in the rate hike
    Reply
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  • DarrenTayCW
    ·2022-07-28
    ok
    Reply
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  • YJ Lee
    ·2022-07-28
    K
    Reply
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