Dow, Nasdaq, S&P 500 Had Their Worst Trading Days Since Last Year as Fed Signals No Rate Cuts
The stock market reacted negatively to the Fed Chair’s comment indicating that the apex bank was uninterested in rate cuts until after March.
The stock market reacted negatively to the Fed Chair’s comment indicating that the apex bank was uninterested in rate cuts until after March.
While all three major indexes rose, the S&P 500 hit a new record barely a week after setting a previous one.
The HBAR Foundation and Hashgraph Association are slated to receive their grants in the first quarter of this year.
Positive economic indicators, such as an 18% surge in groundbreaking new single-family homes in November, contributed to the optimistic outlook.
Despite the current outlook, a major resilience play might be in the works for the US stock market in the mid to long term.
The tech-heavy Nasdaq dipped 0.18% on Wednesday to close lower for the second day as corporate earnings roll on.
Despite seeing a surge in product demand for Q4 2022, Boeing sustained a gigantic $663 million loss due to macroeconomic constraints.
The Dow and other major indexes all saw a positive close to begin the week as the December Fed meeting beckons.
Delta wants to overhaul its existing fleet with more fuel-efficient Boeing planes and has ordered 100 with the option of 30 more.
The stock futures tied to all three major indexes advanced after Goldman Sachs’ latest earnings report came in better than expected.