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- 1b4a34ed1b4a34ed
  ·2022-03-18
  Not a good sign...
  Moderna Shares Fell 3% in Morning Trading as Its CEO Sold over $400m of Company Shares during the Pandemic
  Moderna shares fell 3% in morning trading as its CEO sold over $400M of company shares during the pa
  Moderna Shares Fell 3% in Morning Trading as Its CEO Sold over $400m of Company Shares during the Pandemic
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- 1b4a34ed1b4a34ed
  ·2022-03-17
  Bull run!
  Wall Street Pares Gains after Fed Hikes Rates, Signals More
  * Fed ups rates by 25 basis points, signals 7 hikes for 2022* S&P banks close up 3.7%, financials add 2.9%* Indexes up: Dow 1.55%, S&P 500 2.24%, Nasdaq 3.77%March 16 (Reuters) - The S&P 500closed up
  Wall Street Pares Gains after Fed Hikes Rates, Signals More
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a good sign...","listText":"Not a good sign...","text":"Not a good sign...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035154361","repostId":"1173599014","repostType":4,"repost":{"id":"1173599014","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1647526060,"share":"https://ttm.financial/m/news/1173599014?lang=&edition=fundamental","pubTime":"2022-03-17 22:07","market":"us","language":"en","title":"Moderna Shares Fell 3% in Morning Trading as Its CEO Sold over $400m of Company Shares during the Pandemic","url":"https://stock-news.laohu8.com/highlight/detail?id=1173599014","media":"Tiger Newspress","summary":"Moderna shares fell 3% in morning trading as its CEO sold over $400M of company shares during the pa","content":"<html><head></head><body><p>Moderna shares fell 3% in morning trading as its CEO sold over $400M of company shares during the pandemic.<img src=\"https://static.tigerbbs.com/5a155d56ea02435b6c830cd7e7de79f1\" tg-width=\"719\" tg-height=\"609\" referrerpolicy=\"no-referrer\"/></p><p>Stephane Bancel, Chief Executive of the COVID-19 vaccine maker Moderna (NASDAQ:MRNA), has offloaded $408 million worth of company shares since January 2020,<i>CNBC</i> reported Thursday, citing an analysis of the company’s securities filings.</p><p>Equilar, a company providing data on executive compensation, has independently verified the value of Bancel’s sales. However, he has made the sales in line with the 10b5-1 stock plans adopted in 2018.</p><p>According to the report, as Moderna (MRNA) shares surged with its successes in the COVID-19 vaccine front, Bancel has become a billionaire with an estimated net worth of more than $5.3 billion based only on his company equity as of March 01.</p><li><p>Developed in partnership with the National Institutes of Health (NIH), Moderna’s (MRNA) vaccine is the second most widely used COVID-19 shot in the U.S.</p></li><li><p>However, the company is battling several parties, including the NIH, for certainpatent rights for the mRNA-based shot.</p></li></body></html>","collect":0,"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>Moderna Shares Fell 3% in Morning Trading as Its CEO Sold over $400m of Company Shares during the Pandemic</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\">\nModerna Shares Fell 3% in Morning Trading as Its CEO Sold over $400m of Company Shares during the Pandemic\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-03-17 22:07</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Moderna shares fell 3% in morning trading as its CEO sold over $400M of company shares during the pandemic.<img src=\"https://static.tigerbbs.com/5a155d56ea02435b6c830cd7e7de79f1\" tg-width=\"719\" tg-height=\"609\" referrerpolicy=\"no-referrer\"/></p><p>Stephane Bancel, Chief Executive of the COVID-19 vaccine maker Moderna (NASDAQ:MRNA), has offloaded $408 million worth of company shares since January 2020,<i>CNBC</i> reported Thursday, citing an analysis of the company’s securities filings.</p><p>Equilar, a company providing data on executive compensation, has independently verified the value of Bancel’s sales. However, he has made the sales in line with the 10b5-1 stock plans adopted in 2018.</p><p>According to the report, as Moderna (MRNA) shares surged with its successes in the COVID-19 vaccine front, Bancel has become a billionaire with an estimated net worth of more than $5.3 billion based only on his company equity as of March 01.</p><li><p>Developed in partnership with the National Institutes of Health (NIH), Moderna’s (MRNA) vaccine is the second most widely used COVID-19 shot in the U.S.</p></li><li><p>However, the company is battling several parties, including the NIH, for certainpatent rights for the mRNA-based shot.</p></li></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRNA":"Moderna, Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173599014","content_text":"Moderna shares fell 3% in morning trading as its CEO sold over $400M of company shares during the pandemic.Stephane Bancel, Chief Executive of the COVID-19 vaccine maker Moderna (NASDAQ:MRNA), has offloaded $408 million worth of company shares since January 2020,CNBC reported Thursday, citing an analysis of the company’s securities filings.Equilar, a company providing data on executive compensation, has independently verified the value of Bancel’s sales. However, he has made the sales in line with the 10b5-1 stock plans adopted in 2018.According to the report, as Moderna (MRNA) shares surged with its successes in the COVID-19 vaccine front, Bancel has become a billionaire with an estimated net worth of more than $5.3 billion based only on his company equity as of March 01.Developed in partnership with the National Institutes of Health (NIH), Moderna’s (MRNA) vaccine is the second most widely used COVID-19 shot in the U.S.However, the company is battling several parties, including the NIH, for certainpatent rights for the mRNA-based shot.","news_type":1},"isVote":1,"tweetType":1,"viewCount":304,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9035982404,"gmtCreate":1647485682047,"gmtModify":1676534236504,"author":{"id":"4110517968648952","authorId":"4110517968648952","name":"1b4a34ed","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4110517968648952","authorIdStr":"4110517968648952"},"themes":[],"htmlText":"Bull run!","listText":"Bull run!","text":"Bull run!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035982404","repostId":"2220169793","repostType":4,"repost":{"id":"2220169793","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1647471128,"share":"https://ttm.financial/m/news/2220169793?lang=&edition=fundamental","pubTime":"2022-03-17 06:52","market":"us","language":"en","title":"Wall Street Pares Gains after Fed Hikes Rates, Signals More","url":"https://stock-news.laohu8.com/highlight/detail?id=2220169793","media":"Reuters","summary":"* Fed ups rates by 25 basis points, signals 7 hikes for 2022* S&P banks close up 3.7%, financials add 2.9%* Indexes up: Dow 1.55%, S&P 500 2.24%, Nasdaq 3.77%March 16 (Reuters) - The S&P 500closed up ","content":"<html><head></head><body><p>* Fed ups rates by 25 basis points, signals 7 hikes for 2022</p><p>* S&amp;P banks close up 3.7%, financials add 2.9%</p><p>* Indexes up: Dow 1.55%, S&amp;P 500 2.24%, Nasdaq 3.77%</p><p>March 16 (Reuters) - The S&amp;P 500 closed up more than 2% while the Nasdaq rallied almost 4% on Wednesday as investors shrugged off initial jitters following the U.S. Federal Reserve&#39;s interest rate increase and its signal that more hikes would be needed to fight inflation, ending the pandemic-era&#39;s easy monetary policy.</p><p>The central bank announced a quarter-percentage-point increase in its benchmark overnight rate as was widely expected but the projection that its rate would hit between 1.75% and 2% by year&#39;s end was more hawkish than some investors said they had expected.</p><p>While the Fed flagged the massive uncertainty the economy faces from the war between Russia and Ukraine and the ongoing COVID-19 crisis, it said &#34;ongoing increases&#34; in the target federal funds rate &#34;will be appropriate&#34; to curb the highest inflation the country has witnessed in 40 years.</p><p>While the major indexes pared earlier gains sharply and the S&amp;P and the Dow both dipped into the red briefly after the Fed statement, the indexes steadied as Fed chair Jerome Powell spoke at a press conference.</p><p>Jim Paulsen, chief investment strategist at The Leuthold Group in Minneapolis said investors may be relieved the Fed is taking action against surging inflation.</p><p>&#34;Hearing the Fed finally &#39;say and act&#39; to tackle inflation is somewhat calming for the investment community, and for Main Street struggling with higher inflation,&#34; he said.</p><p>But other market analysts were concerned the aggressive rate hike projected could cause the economy to skid.</p><p>&#34;This looks like a Fed that is intending on causing recession in order to stamp out the inflation problem and that is as short sighted as calling inflation transitory a year ago,” Scott Ladner, chief investment officer, Horizon Investments, Charlotte, North Carolina.</p><p>Joseph LaVorgna, Americas chief economist at Natixis in New York was also skeptical.</p><p>“They’re going to try to be aggressive here in raising rates. I wish Jay Powell and company all the best of luck because they&#39;re not going to get anywhere near as they think, unless they’re willing to throw a lot of people out of jobs, because that&#39;s what&#39;s going to happen.  Because we&#39;re going to have a recession. This is a recession forecast,&#34; he said.</p><p>&#34;I just don&#39;t see the Fed being able to engineer this kind of tightening for what right now is inflationary demand destruction.&#34;</p><p>The Dow Jones Industrial Average rose 518.76 points, or 1.55%, to 34,063.1, the S&amp;P 500 gained 95.41 points, or 2.24%, to 4,357.86 and the Nasdaq Composite added 487.93 points, or 3.77%, to 13,436.55.</p><p>Of the S&amp;P 500&#39;s 11 major industry sectors, the biggest gainers were sectors that had fallen sharply in a recent sell off with consumer discretionary and technology</p><p>both finishing up more than 3% while communications services and financials added almost 3%.</p><p>Only two of the sectors ended the day in the red with energy falling 0.4% and utilities losing 0.2%.</p><p>Historical data suggests tighter monetary policy has often been accompanied by solid gains in stocks. The S&amp;P 500 has returned an average 7.7% in the first year the Fed raises rates, according to a Deutsche Bank study of 13 hiking cycles since 1955.</p><p>Ahead of the Fed statement stocks had been rallying as talk of compromise from both Moscow and Kyiv on a status for Ukraine outside of NATO lifted hope on Wednesday for a potential breakthrough after three weeks of war.</p><p>The global mood had also been lifted earlier by China&#39;s promise to roll out more stimulus for the economy and keep markets stable.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 3.78-to-1 ratio; on Nasdaq, a 3.79-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 15 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 29 new highs and 93 new lows.</p><p>On U.S. exchanges 15.82 billion shares changed hands compared with the 14.04 billion 20-day moving average.</p></body></html>","collect":0,"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>Wall Street Pares Gains after Fed Hikes Rates, Signals More</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; 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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\">\nWall Street Pares Gains after Fed Hikes Rates, Signals More\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-03-17 06:52</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* Fed ups rates by 25 basis points, signals 7 hikes for 2022</p><p>* S&amp;P banks close up 3.7%, financials add 2.9%</p><p>* Indexes up: Dow 1.55%, S&amp;P 500 2.24%, Nasdaq 3.77%</p><p>March 16 (Reuters) - The S&amp;P 500 closed up more than 2% while the Nasdaq rallied almost 4% on Wednesday as investors shrugged off initial jitters following the U.S. Federal Reserve&#39;s interest rate increase and its signal that more hikes would be needed to fight inflation, ending the pandemic-era&#39;s easy monetary policy.</p><p>The central bank announced a quarter-percentage-point increase in its benchmark overnight rate as was widely expected but the projection that its rate would hit between 1.75% and 2% by year&#39;s end was more hawkish than some investors said they had expected.</p><p>While the Fed flagged the massive uncertainty the economy faces from the war between Russia and Ukraine and the ongoing COVID-19 crisis, it said &#34;ongoing increases&#34; in the target federal funds rate &#34;will be appropriate&#34; to curb the highest inflation the country has witnessed in 40 years.</p><p>While the major indexes pared earlier gains sharply and the S&amp;P and the Dow both dipped into the red briefly after the Fed statement, the indexes steadied as Fed chair Jerome Powell spoke at a press conference.</p><p>Jim Paulsen, chief investment strategist at The Leuthold Group in Minneapolis said investors may be relieved the Fed is taking action against surging inflation.</p><p>&#34;Hearing the Fed finally &#39;say and act&#39; to tackle inflation is somewhat calming for the investment community, and for Main Street struggling with higher inflation,&#34; he said.</p><p>But other market analysts were concerned the aggressive rate hike projected could cause the economy to skid.</p><p>&#34;This looks like a Fed that is intending on causing recession in order to stamp out the inflation problem and that is as short sighted as calling inflation transitory a year ago,” Scott Ladner, chief investment officer, Horizon Investments, Charlotte, North Carolina.</p><p>Joseph LaVorgna, Americas chief economist at Natixis in New York was also skeptical.</p><p>“They’re going to try to be aggressive here in raising rates. I wish Jay Powell and company all the best of luck because they&#39;re not going to get anywhere near as they think, unless they’re willing to throw a lot of people out of jobs, because that&#39;s what&#39;s going to happen.  Because we&#39;re going to have a recession. This is a recession forecast,&#34; he said.</p><p>&#34;I just don&#39;t see the Fed being able to engineer this kind of tightening for what right now is inflationary demand destruction.&#34;</p><p>The Dow Jones Industrial Average rose 518.76 points, or 1.55%, to 34,063.1, the S&amp;P 500 gained 95.41 points, or 2.24%, to 4,357.86 and the Nasdaq Composite added 487.93 points, or 3.77%, to 13,436.55.</p><p>Of the S&amp;P 500&#39;s 11 major industry sectors, the biggest gainers were sectors that had fallen sharply in a recent sell off with consumer discretionary and technology</p><p>both finishing up more than 3% while communications services and financials added almost 3%.</p><p>Only two of the sectors ended the day in the red with energy falling 0.4% and utilities losing 0.2%.</p><p>Historical data suggests tighter monetary policy has often been accompanied by solid gains in stocks. The S&amp;P 500 has returned an average 7.7% in the first year the Fed raises rates, according to a Deutsche Bank study of 13 hiking cycles since 1955.</p><p>Ahead of the Fed statement stocks had been rallying as talk of compromise from both Moscow and Kyiv on a status for Ukraine outside of NATO lifted hope on Wednesday for a potential breakthrough after three weeks of war.</p><p>The global mood had also been lifted earlier by China&#39;s promise to roll out more stimulus for the economy and keep markets stable.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 3.78-to-1 ratio; on Nasdaq, a 3.79-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 15 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 29 new highs and 93 new lows.</p><p>On U.S. exchanges 15.82 billion shares changed hands compared with the 14.04 billion 20-day moving average.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","SDOW":"道指三倍做空ETF-ProShares","DJX":"1/100道琼斯","SPY":"标普500ETF","OEF":"标普100指数ETF-iShares","QQQ":"纳指100ETF","DXD":"道指两倍做空ETF","SDS":"两倍做空标普500ETF","QID":"纳指两倍做空ETF","BK4534":"瑞士信贷持仓","TQQQ":"纳指三倍做多ETF","DDM":"道指两倍做多ETF","BK4559":"巴菲特持仓","IVV":"标普500指数ETF","SH":"标普500反向ETF",".DJI":"道琼斯","BK4550":"红杉资本持仓","DOG":"道指反向ETF","QLD":"纳指两倍做多ETF",".IXIC":"NASDAQ Composite","PSQ":"纳指反向ETF","UDOW":"道指三倍做多ETF-ProShares",".SPX":"S&P 500 Index","OEX":"标普100","UPRO":"三倍做多标普500ETF","SSO":"两倍做多标普500ETF","BK4581":"高盛持仓","BK4504":"桥水持仓","SPXU":"三倍做空标普500ETF","SQQQ":"纳指三倍做空ETF"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2220169793","content_text":"* Fed ups rates by 25 basis points, signals 7 hikes for 2022* S&P banks close up 3.7%, financials add 2.9%* Indexes up: Dow 1.55%, S&P 500 2.24%, Nasdaq 3.77%March 16 (Reuters) - The S&P 500 closed up more than 2% while the Nasdaq rallied almost 4% on Wednesday as investors shrugged off initial jitters following the U.S. Federal Reserve's interest rate increase and its signal that more hikes would be needed to fight inflation, ending the pandemic-era's easy monetary policy.The central bank announced a quarter-percentage-point increase in its benchmark overnight rate as was widely expected but the projection that its rate would hit between 1.75% and 2% by year's end was more hawkish than some investors said they had expected.While the Fed flagged the massive uncertainty the economy faces from the war between Russia and Ukraine and the ongoing COVID-19 crisis, it said \"ongoing increases\" in the target federal funds rate \"will be appropriate\" to curb the highest inflation the country has witnessed in 40 years.While the major indexes pared earlier gains sharply and the S&P and the Dow both dipped into the red briefly after the Fed statement, the indexes steadied as Fed chair Jerome Powell spoke at a press conference.Jim Paulsen, chief investment strategist at The Leuthold Group in Minneapolis said investors may be relieved the Fed is taking action against surging inflation.\"Hearing the Fed finally 'say and act' to tackle inflation is somewhat calming for the investment community, and for Main Street struggling with higher inflation,\" he said.But other market analysts were concerned the aggressive rate hike projected could cause the economy to skid.\"This looks like a Fed that is intending on causing recession in order to stamp out the inflation problem and that is as short sighted as calling inflation transitory a year ago,” Scott Ladner, chief investment officer, Horizon Investments, Charlotte, North Carolina.Joseph LaVorgna, Americas chief economist at Natixis in New York was also skeptical.“They’re going to try to be aggressive here in raising rates. I wish Jay Powell and company all the best of luck because they're not going to get anywhere near as they think, unless they’re willing to throw a lot of people out of jobs, because that's what's going to happen.  Because we're going to have a recession. This is a recession forecast,\" he said.\"I just don't see the Fed being able to engineer this kind of tightening for what right now is inflationary demand destruction.\"The Dow Jones Industrial Average rose 518.76 points, or 1.55%, to 34,063.1, the S&P 500 gained 95.41 points, or 2.24%, to 4,357.86 and the Nasdaq Composite added 487.93 points, or 3.77%, to 13,436.55.Of the S&P 500's 11 major industry sectors, the biggest gainers were sectors that had fallen sharply in a recent sell off with consumer discretionary and technologyboth finishing up more than 3% while communications services and financials added almost 3%.Only two of the sectors ended the day in the red with energy falling 0.4% and utilities losing 0.2%.Historical data suggests tighter monetary policy has often been accompanied by solid gains in stocks. The S&P 500 has returned an average 7.7% in the first year the Fed raises rates, according to a Deutsche Bank study of 13 hiking cycles since 1955.Ahead of the Fed statement stocks had been rallying as talk of compromise from both Moscow and Kyiv on a status for Ukraine outside of NATO lifted hope on Wednesday for a potential breakthrough after three weeks of war.The global mood had also been lifted earlier by China's promise to roll out more stimulus for the economy and keep markets stable.Advancing issues outnumbered declining ones on the NYSE by a 3.78-to-1 ratio; on Nasdaq, a 3.79-to-1 ratio favored advancers.The S&P 500 posted 15 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 29 new highs and 93 new lows.On U.S. exchanges 15.82 billion shares changed hands compared with the 14.04 billion 20-day moving average.","news_type":1},"isVote":1,"tweetType":1,"viewCount":420,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}