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