The Federal Reserve hints at some flexibility. And there’s a new Oreo snack you need to hear about. Investors got a peak at Federal Reserve minutes showing flexibility on interest rate hikes. And they liked what they saw.
The Dow gained 191 points today to close at 32,120
The Nasdaq was up 1.5%, gaining 170.
The S&P had a strong day as well, up 1%, or 37 points.
Don’t let one day fool you. It’s been a rough couple of weeks. Rough couple of months. In fact, the Dow and S&P 500 are headed for their worst start to a year since 1970. For tech stocks – this is the worst start to any year *ever.
Those Fed minutes show officials are prepped to move ahead with multiple 50-point hikes. They say they should raise interest rates quickly and possibly more than markets anticipate – to tackle this raging inflation.
But it’s not all bad. Look at this. Oreo and Ritz are teaming up for a limited-time snack called “Oreo x Ritz.” They’re even giving them away for free tomorrow – after you visit a special website and pay $4 in shipping. Snack time…
From Los Angeles, I’m Brian Martin with your BEONDTV After the Bell report.
#BEONDTV #BusinessNews #AftertheBell #FinancialNews #FederalReserve