Wednesday, February 1, 2023

Stocks see-saw after Fed hike, Nasdaq leads +2%

  • Stocks see-saw after Fed hike, Nasdaq leads +2%

    U.S. stocks flip flopped between losses and gains following the 0.25 basis point rate hike by the Federal Reserve and a signal that more increases lie ahead. The Nasdaq Composite rose 2%, the S&P 500 over 1%, while the Dow Jones Industrial Average was little changed pressured by Travelers. In commodities, oil fell over 3% to $76.41 per barrel.

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