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JayAnn
2022-03-03

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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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JQJQ
·2022-03-03
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·2022-03-03
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The banks index    rebounded 3% after hitting its lowest level since September 2021 in the previous session.</p><p>Energy shares resumed their march higher, with the S&amp;P 500 energy index    rallying 2.2% as Brent crude jumped to near eight-year highs after Western sanctions disrupted transport of commodities exported by Russia.</p><p>Russia&#39;s week-old invasion has yet to achieve its aim of overthrowing Ukraine&#39;s government. Ukrainians said they were battling on in the port of Kherson, the first sizeable city Russia claimed to have seized, while air strikes and bombardment caused further devastation in other cities.</p><p>&#34;From day to day you go from the fear of escalation that could make things very bad to the hope that it will not really happen and that cooler heads will prevail, and that the economy is strong enough to get through this,&#34; said Tom Martin, senior portfolio manager at GLOBALT Investments in Atlanta.</p><p>Apple    ended 2.1% higher after announcing a product launch for March 8, when it is expected to promote a low-cost version of its popular iPhone with 5G.</p><p>The Dow Jones Industrial Average    rose 1.79% to end at 33,891.35 points, while the S&amp;P 500    gained 1.86% to 4,386.54.</p><p>The Nasdaq Composite    climbed 1.62% to 13,752.02.</p><p>Reflecting the breadth of Wednesday&#39;s rally, the S&amp;P 500 value index    climbed 1.9% and the growth index    added 1.7%.</p><p>The Philadelphia Semiconductor Index    jumped 3.4%, lifted by an 8.2% jump in Micron Technology   .</p><p>Volume on U.S. exchanges was 13.1 billion shares, compared with a 12.4 billion average for the full session over the last 20 trading days.</p><p>Data showed U.S. private employers hired more workers than expected in February as the labor market recovery gathered steam.</p><p>Nordstrom Inc    surged 38% after the department store chain forecast upbeat full-year revenue and profit.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 2.60-to-1 ratio; on Nasdaq, a 1.95-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 26 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 51 new highs and 123 new lows.</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 Ends Sharply Higher, Powell Assuages Rate Worries</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; 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The banks index    rebounded 3% after hitting its lowest level since September 2021 in the previous session.</p><p>Energy shares resumed their march higher, with the S&amp;P 500 energy index    rallying 2.2% as Brent crude jumped to near eight-year highs after Western sanctions disrupted transport of commodities exported by Russia.</p><p>Russia&#39;s week-old invasion has yet to achieve its aim of overthrowing Ukraine&#39;s government. 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The banks index    rebounded 3% after hitting its lowest level since September 2021 in the previous session.Energy shares resumed their march higher, with the S&P 500 energy index    rallying 2.2% as Brent crude jumped to near eight-year highs after Western sanctions disrupted transport of commodities exported by Russia.Russia's week-old invasion has yet to achieve its aim of overthrowing Ukraine's government. Ukrainians said they were battling on in the port of Kherson, the first sizeable city Russia claimed to have seized, while air strikes and bombardment caused further devastation in other cities.\"From day to day you go from the fear of escalation that could make things very bad to the hope that it will not really happen and that cooler heads will prevail, and that the economy is strong enough to get through this,\" said Tom Martin, senior portfolio manager at GLOBALT Investments in Atlanta.Apple    ended 2.1% higher after announcing a product launch for March 8, when it is expected to promote a low-cost version of its popular iPhone with 5G.The Dow Jones Industrial Average    rose 1.79% to end at 33,891.35 points, while the S&P 500    gained 1.86% to 4,386.54.The Nasdaq Composite    climbed 1.62% to 13,752.02.Reflecting the breadth of Wednesday's rally, the S&P 500 value index    climbed 1.9% and the growth index    added 1.7%.The Philadelphia Semiconductor Index    jumped 3.4%, lifted by an 8.2% jump in Micron Technology   .Volume on U.S. exchanges was 13.1 billion shares, compared with a 12.4 billion average for the full session over the last 20 trading days.Data showed U.S. private employers hired more workers than expected in February as the labor market recovery gathered steam.Nordstrom Inc    surged 38% after the department store chain forecast upbeat full-year revenue and profit.Advancing issues outnumbered declining ones on the NYSE by a 2.60-to-1 ratio; on Nasdaq, a 1.95-to-1 ratio favored advancers.The S&P 500 posted 26 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 51 new highs and 123 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":561,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":100706052,"commentId":"100706052","gmtCreate":1646283118296,"gmtModify":1663244570635,"authorId":3581929836617050,"author":{"id":3581929836617050,"idStr":"3581929836617050","authorId":3581929836617050,"name":"JQJQ","avatar":"https://community-static.tradeup.com/news/845141bd57e8236ea8f40273531a9ea9","vip":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9033616574,"objectIdStr":"9033616574","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Good reply back?","text":"Good reply back?","html":"Good reply back?","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":100702792,"commentId":"100702792","gmtCreate":1646266397161,"gmtModify":1663244556030,"authorId":3574119575606145,"author":{"id":3574119575606145,"idStr":"3574119575606145","authorId":3574119575606145,"name":"L1324","avatar":"https://static.tigerbbs.com/b05b9f32dd8af2590c80da38d48e37fc","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9033616574,"objectIdStr":"9033616574","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"up <u>down</u>","text":"up <u>down</u>","html":"up <u>down</u>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"hasMoreComment":true,"orderType":2}