Wall St opens lower after Fed-driven rally – Reuters.com
- Date: 17-Mar-2022
- Source: Reuters
- Sector:Financial Markets
- Country:Gulf
Wall St opens lower after Fed-driven rally – Reuters.com
March 17 (Reuters) - U.S. stock index futures edged lower on Thursday as Russia tempered expectations around peace talks with Ukraine after a Federal Reserve interest rate hike fueled a Wall Street rally a day earlier.
Signs of progress in the talks to end what Russia calls "a special military operation" had helped global stocks surge this week, but the Kremlin said on Thursday there was no deal yet. read more
On Wednesday, the S&P 500 (.SPX) closed up more than 2% while the tech-heavy Nasdaq (.IXIC) ended up almost 4% after the U.S. central bank raised interest rates by 25 basis points as expected and forecast equivalent hikes at every meeting this year. read more
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