Dow gives up 500-point gain after Fed raises rates and signals six more hikes coming this year : stocks

Dow gives up 500-point gain after Fed raises rates and signals six more hikes coming this year

https://www.cnbc.com/2022/03/15/stock-market-futures-open-to-close-news.html?__source=androidappshare

“The Dow Jones Industrial Average fell about 12 points, or 0.06%. The S&P 500 added 0.1% and the Nasdaq Composite gained 0.8%.”

The interest rate is expected to be in the range of 0,25 to 0,5% first increase since December 2018.

“The 10-year Treasury yield jumped to 2.24%, its highest level since 2019 after the Fed’s statement.”

All in all this was a good today for having Chinese stocks so congrats to those holding and specially for those that bought them recently as I did with Nio!