Wall Street ends a week of fun and rewarding games | Financial Markets News
All three major US indexes closed sharply, while the technical divisions rose sharply.
Wall Street continued on Friday, with a resumption of the selloff to another ping-pong meeting, ending a week of chaos with investors trapped between joint ventures, international turmoil and a growing US Federal Reserve.
All three major US indexes closed sharply, while the technical divisions rose sharply.
According to preliminary data, the S&P 500 gained 105.46 points, or 2.44 percent, to end at 4,432.02 points, while the Nasdaq Composite gained 415.04 points, or 3.11 percent, to 13,767.83. The Dow Jones Industrial Average rose 566.08, or 1.66 percent, to 34,726.86.
“There’s a lot of uncertainty out there and that has contributed to the instability,” said Ross Mayfield, a business analyst at Baird in Louisville, Kentucky. “The needs of the industry and the economy are still strong. But there are many things that are going wrong, whether it be money, inflation, the Fed and political conflicts.”
The financial data released on Friday showed a decline in consumer spending and a decline in consumer spending over the past decade, as well as annual inflation rates – the Federal Reserve’s preferred inflation rate – reached 4.9 percent, slightly warmer than expected.
The Fed made it clear at the end of its monetary policy meeting Wednesday that it wants to remove gloves and combat inflation by raising interest rates higher than most market people expect.
Among the 11 major S&P 500 divisions, technical stocks benefited the most from this segment.
The fourth quarter reporting period was shooting all cylinders, while 168 of the companies in the S&P 500 also reported. Of them, 77 percent reported successful results, according to Refinitiv data.
But investors have been paying close attention to the direction, as well as how companies expect the current global crisis to affect their share of the future.
“As we move towards 2022, and as Omicron rises and the weather improves, I hope the crisis will end,” Mayfield added. “[They] it will probably reach a peak sometime this quarter, with a year-long release. ”
The maker of Western Digital data warehouse mentioned the sales force after offering less money than expected and providing a disappointing display, sending its shares down.
Caterpillar Inc shares have declined following a manufacturer’s warning that rising labor costs and downtime will force its profits.
Chevron Corp fell on a low price in the fourth quarter.
However, Apple’s jump gave the S&P 500 and Nasdaq their biggest boost, the day the company sent the iPhone sales record on holiday.
Visa Inc soared after its quarterback hit driven by globalization and e-commerce.
