116722, 901 AM ‘Wall Sireet stocks rally ol prices fal ahead of Fed meeting By Reviers
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By Chibuike Ogu
Now York (Reuters) -The three main Wall Street stock indexes rallied on Tuesday, a day before an expected interest rate hike by the U.S.
Federal Reserve, while oil prices dropped 7% on hopes of an end to the conflict in Ukraine.
Investors are expecting the U.S. central bank to raise interest rates forthe first time in three years by at least 25 basis points amid surging
prices. Traders will also be closely watching the Fed for details on how it plans to end its bond-buying program,
Ahead of the Fed's meeting on Wednesday, the benchmark 10-year note yields eased from more than two-year highs and were last at
2.1544%, after earlier rising to 2.169%, the highest since June 2019,
“I think the big event this week is going to be Fed discussing what they're going to do with the portfolio and how fast they're going to move,
The expectation in the short term of course Is going to be the raising ofthe rates by a quarter ofa percent,” said Tom Plumb, portfolio
‘manager at Plumb Balanced Fund in Wisconsin.
(On Wall Street, the benchmark S&P 500, which had slumped about 2.4% in the prior three sessions, rallied, drven by technology,
consumer discrotionary and healthcare sectors.
The Dow Jones Industrial Average rose 1 82% to 33,544.34, the S&P 500 gained 2.14% to 4,262.45 and the Nasdaq Composite added
2.92% to 12,948.62
"What you're seeing is relief raies on a bear market. There's hopes and expectations that something will star resolving in Ukraine,” Plumb
added.
European stocks, which had been rebounding in recent sessions, dipped after China reported a jump in coronavirus cases and new
restrictions, The ongoing war in Ukraine also weighed on European shares despite continuing ceasefire talks and some positive signs of a
hitpshwwuinvasting comMnewsleconomylasia-slocks-skid-ae-ukraine
rar-chinas-covid-surge
igh 2784544 18116722, 901 AM ‘Wall Sireet stocks rally ol prices fal ahead of Fed meeting By Reviers
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The pan-European STOXX 600 index lost 0.28% and MSCI's gauge of stocks across the globe gained 0,94%, MSCI's broadest index of
Asia-Pacific shares outside Japan had closed 2.73% lower overnight
il prices tumbled more than 6% to their lowest in almost three weeks on Tuesday as supply disruption fears eased on Ukraine peace
hopes and surging COVID-19 cases in China spurred demand concerns.
Brent futures plummeted 6.5% to settle at $99.91 a barrel, while U.S. West Taxas Intermediate (WTI) crude fell 6.4% to settle at $96.44 a
barrel. Both contracts settled below $100 per barrel for the frst time since late February
The U.S. dollar lost value to the euro and other major currencies after oll prices fell and ahead of the Fed's expected rate hike. The
dollar index fol 0.043%, with the euro up 0.04% to $1.0943.
Safe-haven gold fell nearly more than 1% to a twosweek trough. Spot gold drapped 1.8% to $1,915.48 an ounce, while U.S. gold futures
fell 1.55% to $1,929.30 an ounce
[PMovie theater operator AMC Movie theater operator AMC invests in troubled miner Hycroft
invesisin troubled miner gy powtere ator 18 2022
Hycroft
By Mike Spector and Anirban Sen (Reuters) -Movie-theater chain AMC Entertainment (NYSE:AMC)
Holdings Inc said on Tuesday it agreed to buy a large stake in Hycroft Mining Holding.
[Pivaution reigns as nickel Caution reigns as nickel trading resumes in London
trading resumes in
on By Routers -Mar 16,2022 1
8 Pratima Desai LONDON (Reuters) - Nickel trading on the London Metal Exchange (LNIE) resumes on
‘Wednesday with mits on pice movements to prevent cisordery trading ater wid
[Bichinese EV maker BYD raises__Chinese EV maker BYD raises prices citing jump in raw materials costs
es cia jumpin aw te by exer ar, 202
SHANGHAI (Reuters) - Chinese electric vehicle (EV) maker BYD Co (OTC:8YDDF) Lid late on
‘Tuesday said it would raise prices on its cars by 3,000-6,000 yuan (471-942), citing the.
Comments (18)
Marco cuevas
B hours ago
Lunch time in wall street google stock going down already guess tbey need cash for their footlongs.
Repy 0 0 Report
John Locke
‘1 hours ago
‘end the fed. end central banks
Repy 2 2 Report
Benjamin USA
10 hours ago
‘Triggered
Reply 1 1 Report
hitpshwwuinvasting comMnewsleconomylasia-slocks-skid-ae-ukraine
26116722, 901 AM ‘Wall Sireet stocks rally ol prices fal ahead of Fed meeting By Reviers
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‘11 hours ago
all wars are bankers wars
Repy 5 2 Report
Jack Peterson
+4 hours ago
Make love, not wari Much more fun
Repy 1 0 Report
Raja Tampan
417 hours ago
Is that true? Because thelr wars did not impact my place
Repy 2 1 Report
Ella Yassin
+B hours ago
Reuters, So what and allthis before created havoc by u
Repy 2 2 Report
Trumpster Rocks
18 hours ago
‘Ace all you leftest paid to do is spread fear ? Nothing honest about any left wing articles today. sad
Repy 5 6 Report
IecelceBaby
17 hours ago
Hore's a honest fact: Hang Seng closed -5,5%
Repy 3 0 Report
Edward Chong
16 hours ago
417kis touching point of another crisis.
Repy 1 0 Report
Brad Albright
*2hours ago
Here's an honest fact: Trump lost.
Repy 2 2 Report
Benjamin USA
10 hours ago
htpsswww investing comMnowsJeconomylasia-slocks-skid-as-ukraine-war-chinas-covid-surge-weigh 2784544 36116722, 901 AM ‘Wall Sireet stocks rally ol prices fal ahead of Fed meeting By Reviers
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repy tu report
Potoymclotoy
‘+Bhours ago
so China gets their wish
Repy 2 3 Report
John McKinsey
49 hours ago
it’s not Ukraine war. Itis russia war. russia has started this war and this *******"country is fuly responsible fort
Repy 117 Report
Darrell Peterson
20 hours ago
wee notin Kansas anymore Todo. Lol
Repy 4 0 Report
Mind Trade
21 hours ago
‘old record repeating same old stories over and over and over.
Repy 18 0 Report
sandeep varma
22 hours ago
before making headlines please look into Indian markets they are fying daily new highs.
Repy 1 2 Report
VALENTINO ARMANI
22 hours ago
Market rigged & faked by government with ther dirty printer & les, This fraud will erash up to 80%
Repy 7 4 Report
Benjamin USA
10 hours ago
Bot
Repy 0 0 Report
ivan preg
22 hours ago
How the hell they say peace talkin progress and hopeful despite russia invade and destroy nato training center) and another minute
they say war raging creating fear. All the headlines for market manipulation
htpsswww investing comMnowsJeconomylasia-slocks-skid-as-ukraine-war-chinas-covid-surge-weigh 2784544 406116722, 901 AM ‘Wall Sireet stocks rally ol prices fal ahead of Fed meeting By Reviers
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Jeremy Gautier
22 hours ago
lol read books, not news.
Repy 5 0 Report
Mike ND
23 hours ago
China collapse soon
Repy 7 13, Report
FER Michael Redden
23 hours ago
it a push for the 3rd 000 ster shot
Ropy 6 2 Report
Benjamin USA
10 hours ago
Michael Redden you can say booster shot you
Repy 0 0 Report
Michael Redden
23 hours ago
{rom the 3rd b00 xster shot.
Repy 3 2 Report
FER. Michael Redden
23 hours ago
‘outbreak incoming. but something other than cov. it stats with an "H" and ends with a “V" and there is the letter “in between
Reply 6 8 Report
Pm. Michael Redden
23 hours ago
HLLV outbreak coming, Watch post-war.
Reply 4 2 Report
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