Wednesday, January 4, 2023

Stocks gain as investors take Fed’s interest rate talk in stride

  • Stocks gain as investors take Fed's interest rate talk in stride

    U.S. stocks notched gains across the board as investors took the Federal Reserve's minutes from the last meeting in stride. Policymakers indicated more rate hikes remain in the pipeline with inflation risks elevated. In commodities, oil fell over 5% to $72.84 per barrel. Energy stocks rose the least among the S&P's largest sectors, while materials and financials topped the leader board.

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