Stocks ticked higher this morning after snapping a multi-day losing streak yesterday. The rebound came after Fed Chairman Jerome Powell reaffirmed the central bank’s commitment to keeping inflation in check. The market seemed ready to add to yesterday’s gains in early trading this morning.
Stocks were flat to start the day as investors awaited Fed Chair Jerome Powell’s testimony before Senate later today. Market watchers will be looking for further clues about the central bank’s current views on the speed of its policy tightening.
“Historically, the stock market...
Stocks ticked lower to kick off the week in trading. Investors seemed cautious after taking the weekend to process last week’s Fed announcement of plans for even more aggressive removal of economic support in 2022 than anticipated. The major indices suffered losses last week, with the Nasdaq...
Stocks took a turn last week after minutes from the December Federal Reserve meeting revealed a more hawkish stance. It was indicated that the policymakers had discussed faster and more aggressive rate hikes, with the first quarter point hike coming as soon as March. As investors process...
This morning, the market seemed unsure of its direction following a two-day losing streak that began Wednesday when the Fed revealed plans to dial back economic help faster than anticipated. The major indices are on track for a losing week to kick off the year.