Topline
The stock market surged higher on Friday, with stocks on pace to snap a three-week losing streak as investors shook off Federal Reserve Chair Jerome Powell’s recent comments about more interest rate hikes from the central bank for the foreseeable future.
Stocks have moved higher this week despite rising expectations for another big rate hike later this … [+]
Richard Drew/Associated Press
ຂໍ້ເທັດຈິງສໍາຄັນ
ດັດຊະນີ Dow Jones Industrial Average ເພີ່ມຂຶ້ນ 1.1%, ຫຼາຍກວ່າ 300 ຈຸດ, ໃນຂະນະທີ່ S&P 500 ເພີ່ມຂຶ້ນ 1.4% ແລະ ດັດຊະນີ Nasdaq Composite ເພີ່ມຂຶ້ນ 1.9%.
Stocks are looking to reverse three straight weeks of losses with more gains on Friday, as the Dow has risen 1.4% through Thursday’s close, while the S&P 500 has gained over 2%.
Markets have swung back and forth in recent days amid growing expectations that the Federal Reserve will hike interest rates by 75 basis points at its upcoming policy meeting later this month, following similar hikes in June and July.
Powell said in a Q&A session with the Cato Institute on Thursday that the central bank remains “ຫມັ້ນສັນຍາຢ່າງແຂງແຮງ” to bringing down inflation and will keep aggressively raising rates “until the job is done.”
Shares of electronic signature company DocuSign, meanwhile, surged nearly 10% after reporting stronger than expected quarterly earnings, while cloud security company Zscaler similarly jumped 17% after strong financial results.
Oil prices rebounded slightly on Friday after dipping earlier this week on fears that a global economic downturn could hurt energy demand: U.S. benchmark West Texas Intermediate rose 3% to trade at $86 per barrel, while international benchmark Brent crude now trades at nearly $92 per barrel.
ຂໍ້ມູນທີ່ ສຳ ຄັນ:
Stocks will continue to “take their cues from the Fed and domestic inflation, and both those are moving in the right direction,” says Vital Knowledge founder Adam Crisafulli. “It’s crucial not to get caught up in the day-to-day noise when it comes to the Fed,” he describes, adding that while a Fed pivot looks unlikely to arrive anytime soon, the central bank could slow the pace of its rate-hiking campaign later this year.
ສິ່ງທີ່ຄວນເບິ່ງ:
Guggenheim Partners’ global chief of investment strategy, Scott Minard, predicts a big market selloff is still around the corner. “This is seasonally the worst time of the year,” he ບອກ CNBC on Thursday, adding that the bear market is still “intact,” though investors have been “ignoring” the challenging macroeconomic environment. Minard predicts the S&P 500 will decline 20% from current levels by mid-October.
ອ່ານເພີ່ມເຕີມ:
ຮຸ້ນໄດ້ເພີ່ມຂຶ້ນເຖິງແມ່ນວ່າຫຼັງຈາກ Powell ໄດ້ກ່າວຢໍ້າວ່າ Fed ຈະຮັກສາອັດຕາການເພີ່ມຂຶ້ນຂອງອັດຕາ (Forbes)
ລາຄານ້ໍາມັນຕົກຕໍ່າລົງໃນຮອບເຈັດເດືອນຍ້ອນວ່າຄວາມຢ້ານກົວຂອງການຖົດຖອຍມີນ້ໍາຫນັກຕາມຄວາມຕ້ອງການ (Forbes)
Dow ຫຼຸດລົງເກືອບ 200 ຈຸດຍ້ອນວ່ານັກລົງທຶນ 'ມືດມົວ' ລໍຖ້າອັດຕາດອກເບ້ຍທີ່ສູງຂຶ້ນ (Forbes)
Source: https://www.forbes.com/sites/sergeiklebnikov/2022/09/09/dow-jumps-nearly-200-points-as-investors-shake-off-rising-fears-about-more-fed-rate-hikes/