Markets surged last week while processing persisting geopolitical tension and a long-anticipated Fed rate hike. Gains were widespread across the major averages. The Dow rose 5.5%, the S&P 500 rose 6.2%, and the Nasdaq gained over 8%, marking last week the best week for stocks since November...
Stocks were looking to add to yesterday’s gains this morning after the Federal Reserve soothed markets by not making any changes to monetary policy and keeping stimulus in place, according to their statement released yesterday afternoon.
Following the meeting, the Fed said, “If progress...
This morning, investors were cautious as a new wave of infection spreads across Europe, prompting many governments to tighten restrictions. This morning Austria announced it would re-impose lockdown measures amid rising hospitalizations and death rates.
So far this week, the Nasdaq and S&P 500...