After the Great Flood, What Happened to Wall Street?

thecekodok

 The United States stock market showed a mixed initial reaction to the release of the minutes of the Federal Reserve (Fed) meeting.


The price reaction suggested that the minutes contained no new surprises as the Fed had previously repeatedly indicated it would continue to raise interest rates.


The Dow Jones Industrial closed with a slight loss of around 0.26% to 33,045.10, while the S&P 500 fell 0.16% to 3,991.06 and the Nasdaq rose slightly to 12,066.27.



Even with the declines experienced by the S&P and Dow Jones, the fall was not as bad as Tuesday's, which was the worst daily performance recorded by the market in 2023.


In addition, the US 10-year treasury yield retreated from a 3-month high, giving room for stock trading to remain stable after the release of the minutes report.


Meanwhile, several stocks made big moves in extended trading, with Nvidia jumping over 7% following its latest quarterly earnings report.


Meanwhile, electric vehicle maker Lucid saw its shares fall 9% after reporting fourth-quarter results that fell short of expectations.

Tags