Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 22/01/2022 13:52 
01.12.2021 18:41 News >> US Stocks Rebound From Losses Stirred By Fed Chair's Hawkish Shift

US Stocks Rebound From Losses Stirred By Fed Chair's Hawkish Shift

Dow Jones jumps 260 points after losing 652 in previous session.

US stocks opened strong Wednesday, bouncing back from losses during the previous session after Federal Reserve Chair Jerome Powell shifted his stance to a hawkish mode.
The Dow Jones industrial average jumped 260 points, or 0.76%, to 34,744 at 9.40 a.m. The blue chip index lost 652 points Tuesday.
The S&P 500 increased 50 points, or 1.08%, to 4,606 after falling 88 points in the previous session.
The Nasdaq soared 170 points, or 1.1%, to 15,708, after the tech-heavy fell 245 points the day before.
Major indices were quick to shrug off losses the day after Powell shifted from a dovish to a hawkish tone about the central bank's accommodative monetary policy.
"The economy is very strong and inflationary pressures are high. It is therefore appropriate in my view to consider wrapping up the taper of our asset purchases,  perhaps a few months sooner," Powell said in testimony before the Senate Banking Committee.
He said the Federal Open Market Committee (FOMC) members will discuss the possibility of concluding tapering quicker than expected at their next meeting on Dec. 14 - 15.
Despite climbing above 27 on Tuesday, the VIX volatility index, known as the fear index, was down 12.4% to 23.81. The dollar index fell 0.22% to 95.78.
The yield on 10-year US Treasury notes, on the other hand, was up 2.47% to 1.477%.
Crude prices were up more than 2% as the oil market awaits OPEC's decision about supply cuts in the face of rising demand risks amid the new coronavirus variant, omicron.
Brent crude rose 2.6% to $71.05 per barrel, while US benchmark West Texas Intermediate crude gained 2.5% to $67.85.
Precious metals were mixed with gold adding 0.8% to $1,788 an ounce but silver losing 0.6% to $22.69. -



        Latest News
How To Develop 'Turkiye' As A Brand 13 minutes ago...
President issued communique, changing country's internationally recognized name from "Turkey" to Turkiye.
Fire In Residential Building Kills 6 In India 13 minutes ago...
15 also injured in major fire that broke out in Mumbai.
Fighting Drought, Tanzania Faces Loss Of 62,000 Livestock -2 minutes ago...
Terrible situation as heavy stench from rotting carcasses permanently hovers in air, says official.
Why Flamingo Populations In Kenya Are On The Decline -2 minutes ago...
Thousands of breeding sites destroyed by rising lake water.
Turkish Construction Firm Boasts Advantages For Oil And Gas Industry 43 minutes ago...
Dorce Prefabrik completes projects on time, even in regions with chilling temperature of 50C below zero.

 
      Top News
UN Security Council Condemns Houthi Attacks That Killed 3 In Abu Dhabi UN Security Council Condemns Houthi Attacks That Killed 3 In Abu Dhabi
Any Invasion Of Ukraine Will Be Met With Swift Response: Blinken Any Invasion Of Ukraine Will Be Met With Swift Response: Blinken
Turkiye's Borsa Istanbul Ends Week Down Turkiye's Borsa Istanbul Ends Week Down
Pakistan Reports Record 7,678 COVID-19 Infections Pakistan Reports Record 7,678 COVID-19 Infections
Diary Diary
Africa Calls For Permanent Representation At UN Security Council Africa Calls For Permanent Representation At UN Security Council
Argentina Signs 3 Agreements With China On Modernizing Railway Argentina Signs 3 Agreements With China On Modernizing Railway
Barcelona Lose To UNICS Kazan 70-64 In Euroleague Barcelona Lose To UNICS Kazan 70-64 In Euroleague
US Stocks End In Negative Territory US Stocks End In Negative Territory
Israeli Army Detains 7 Palestinians Including Disabled Man Israeli Army Detains 7 Palestinians Including Disabled Man