Higher rates push stocks lower
While the Federal Reserve raised interest rates by 75 basis points as expected on Wednesday, it signaled that it could ultimately raise rates beyond what the market was expecting. Short-term yields are higher in response Thursday, with the two-year US treasury yield up about 15 basis points.
The higher yields have led to another down leg for the stock market, particularly the interest-rate sensitive stocks such as technology. The tech-heavy Nasdaq 100 is underperforming the S&P 500 on the day.
The views and opinions of Mooney Navigator are those of the author who is not an associated person of Moomoo Financial Inc. The view and opinions of the author do not reflect the views of Moomoo Financial Inc. or any of its affiliates. The views and opinions of the author are provided for informational purposes only, do not constitute a recommendation of an investment strategy or to buy, sell, or hold any investment in any form, and are not research reports and should not be used to serve as the basis for any investment decision. All investments involve risk including the loss of principal and past performance does not guarantee future results.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
Evelynne : lots of Bullshit comments today! Must mean its gonna be a really good day!
Piggy Bank Trader Evelynne: Well, how was your red days???
Dudebuddy Piggy Bank Trader: