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U.S. stocks closed | Fed interest rate unchanged, Dow rose about 500 points after Powell opened gold mouth

2022-01-26T22:03:54.474Z


The three major U.S. stock indexes fluctuated sharply on Wednesday. The Dow did well in the early part of the session. After the Federal Reserve announced that interest rates remained unchanged, it had soared by about 500 points at most. However, after Chairman Powell said at a press conference that "the central bank has a lot of room to raise interest rates", it fell sharply.


The three major U.S. stock indexes fluctuated sharply on Wednesday.

The Dow did well in the early part of the session. After the Federal Reserve announced that the interest rate would remain unchanged, it had soared by about 500 points at most. However, Chairman Powell said at a press conference that "the central bank has a lot of room to raise interest rates" and fell sharply. It dropped 421 points and closed at the close. narrow to 129 points.

The SSI and the Nasdaq also rose first and then fell. Only the Nasdaq regained lost ground and closed slightly higher by 2 points.


The Fed kept interest rates at 0-0.25%, suggesting a rate hike in March, as the market expected, but Powell said at a press conference that "there is a lot of room for rate hikes without threatening the labor market," saying the bureau would transition to a "non-loose policy." ”, also referring to “the scale of the balance sheet is much larger than needed,” suggesting that the bureau’s tightening of monetary policy may be more aggressive than expected.

The U.S. 10-year bond yield then surged to 1.85%, and the stock market also fell sharply.

The Dow Jones index closed at 34,168 points, down 129 points or 0.38%; the S&P 500 index closed at 4,349 points, down 6 points or 0.15%; the Nasdaq index closed at 13,542 points, up 2 points or 0.02%.

Boeing fell 4.85%, Verizon fell 3.57%, and 3M fell 2.62%, the biggest decliners on the Dow.

A number of heavyweight Internet stocks bucked the trend and rose. Tesla rose 2.07%, Microsoft rose 2.85%, Huida rose 2.01%, and Alphabet rose 1.98%.

In addition, Apple fell 0.06%, Facebook fell 1.84%.

The US Federal Reserve announced that the interest rate will remain unchanged from 0 to 0.25%, indicating that the balance sheet will shrink after the interest rate hike in March. Goldman Sachs: US stocks have not reached a dangerous level, but the return in the next 5 years is not optimistic Lian Dengzai was asked how much he earned and answered: OK, DPM strategists are bearish on the forecast that the benchmark index will fall by another 10% and fall below 4,000 points.

Source: hk1

All news articles on 2022-01-26

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