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Big closing gains for stocks as Powell rides to the rescue

These markets are really something. Flows, news, central banks, volatility.... all at once.

The mood was sour earlier today as yields continued to creep higher and the market worried about Powell, but the Fed chair said it was likely time to slow the pace of hikes and that he didn't want to overtighten.

That was a change in message from his 'fight inflation at all costs' talk from a couple months ago and stocks took it as a green light. The Dow Jones Industrial Average is now 20%... Read More

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Closing

Gains

Stocks

Powell

Rides

Rescue

Forex

Posted: Nov 30 2022, 21:11

Author Name: forexlive

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