This offers some respite to th

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Kimchee
2022-03-03

This offers some respite to the negative sentiment all around. If you're planning to hold mid-long term, watch the bank shares closely. Citi for example has new 52w low.

Wall Street Ends Sharply Higher, Powell Assuages Rate Worries

March 2 (Reuters) - Wall Street ended sharply higher on Wednesday after Federal Reserve Chair Jerome Powell signaled the central bank would likely raise interest rates less than some investors had fea

Wall Street Ends Sharply Higher, Powell Assuages Rate Worries

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StarGate
·2022-03-03
Good observation
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If you're planning to hold mid-long term, watch the bank shares closely. Citi for example has new 52w low.","highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9033231371","repostId":2216108026,"repostType":4,"repost":{"id":"2216108026","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":1646255573,"share":"https://www.laohu8.com/m/news/2216108026?lang=&edition=full","pubTime":"2022-03-03 05:12","market":"us","language":"en","title":"Wall Street Ends Sharply Higher, Powell Assuages Rate Worries","url":"https://stock-news.laohu8.com/highlight/detail?id=2216108026","media":"Reuters","summary":"March 2 (Reuters) - Wall Street ended sharply higher on Wednesday after Federal Reserve Chair Jerome Powell signaled the central bank would likely raise interest rates less than some investors had fea","content":"<html><head></head><body>March 2 (Reuters) - Wall Street ended sharply higher on Wednesday after Federal Reserve Chair Jerome Powell signaled the central bank would likely raise interest rates less than some investors had feared.Powell&#39;s comments, in testimony to the U.S. House of Representatives Financial Services Committee, helped calm investors after Russia&#39;s invasion of Ukraine sent markets into a tailspin.Powell said he is inclined to support a 25 basis point rate hike in March, quelling some concerns about the potential for a more aggressive rate hike.Traders now see a 95% probability of a 25 basis point hike in March.All the 11 S&amp;P 500 sector indexes advanced, with financials jumping 2.6% after falling sharply so far this week. 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