Previous Close | 3,936.97 |
Open | 3,959.21 |
Volume |
Day's Range | 3,919.05 - 4,007.66 |
52 Week Range | 3,491.58 - 4,637.30 |
Avg. Volume | 4,337,683,389 |
Stocks closed higher Thursday afternoon as a post-Fed rally was bolstered by hopes from investors interest rate hikes will end sooner than expected as banking pressures end the central bank's aggressive fight against inflation.
(Bloomberg) -- The stock market shrugged off losses, with traders piling into some of the world’s largest technology companies that are seen by many on Wall Street as a kind of shelter in times of stress and economic uncertainties.Most Read from BloombergJack Dorsey’s Block Vows to Fight Back After Hindenburg Says It’s Short the StockShort Seller Hindenburg Says ‘Another Big One’ Coming SoonUS Fears a War-Weary World May Embrace China’s Ukraine Peace BidJPMorgan Sold $10 Million in Jewels Left i
Wall Street stocks rose on Thursday, pushing up global stock indexes, and Treasury yields fell, as investors took comfort that the Federal Reserve might pause its interest rate rises to offset the turmoil in financial markets. The gains in U.S stocks offset loses in Europe, where a post-Credit Suisse rebound sputtered to a halt as Switzerland, Norway and Britain all showed the year-long cycle of sharp interest rate rises was by no means over. The Fed's hint of a pause after announcing a quarter-point rate rise on Wednesday, even as it re-stated its commitment to fight inflation, provided relief to markets.