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Economy

progree

(11,470 posts)

2. Uggh, so yesterday the market reaction to 0.75% rate hike was positive, today: plunge city

Reply to progree (Reply #1)

Thu Jun 16, 2022, 09:11 AM

Jun 2022

As I said in the above post, the last rate hike the market initial reaction and the next day reaction were different. This is looking like the case again --

At 1007 AM ET - Dow, S&P 500, and Nasdaq are down 2.17%, 2.74%, and 3.48% respectively. In point terms, Dow is down 664 points to 30,004 -- just 5 points away from 29,999,

Stock market news lives updates: Stocks slide amid renewed recession concerns, Emily McCormick, Yahoo Finance, 6/16/22
https://finance.yahoo.com/news/stock-market-news-live-updates-june-16-2022-114840208.html

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STOCK MARKET WATCH -- Thursday, 16 June 2022 [View all] Tansy_Gold Jun 2022 OP

S&P 500 closed up but still in bear market territory: 21.0% down from its Jan 3 all-time high progree Jun 2022 #1

Uggh, so yesterday the market reaction to 0.75% rate hike was positive, today: plunge city progree Jun 2022 #2

S&P 500 closed down 3.25%, Dow down 2.42% (741 points), Nasdaq down 4.08% progree Jun 2022 #3