On Wednesday, the US Fed raised interest rates by 0.25 percent for the first time since 2018. Despite the increase in rates, major US markets remained bullish.
Stock Market Update Today: Global cues are looking better for the domestic market. On Wednesday, the US Fed raised interest rates by 0.25% for the first time since 2018. Although this thing was already discounted for the market. Despite the increase in rates, major US markets remained bullish. At the same time, shopping is being seen in Asian markets as well. On Wednesday, Dow Jones gained 519 points and closed at the level of 34,063. The S&P 500 index gained 2.2 percent and closed at 4357.86. While Nasdaq strengthened 3.7 percent and closed at 13,436.55. The US Fed, while increasing interest rates by 0.25 percent, has indicated that this increase will continue in the future as well. By the end of the year 2022, interest rates can reach 1.9 percent. At present, the 10-year bond yield is the highest since 2019. The eyes of the investors are also fixed on Russia and Ukraine crisis and inflation. Although crude has come down to $100, which is a big relief.
Talking about the Asian markets, SGX Nifty is seeing a 1.5 percent increase today. The Nikkei 225 is up 3 per cent and the Strait Times is up 1.31 per cent. At the same time, an increase of 4.11 percent is seen in Heng Seng. Taiwan Weighted 2.44 percent and Kospi 1.69 percent is looking strong. The Shanghai Composite is up 1.34 per cent.
Live Updates
Stock Market Live ,: Updates of every news of the stock market
Stock Market Live ,: Updates of every news of the stock market
,