• 24
  • 7
  • 收藏

Wall Street Ends Sharply Higher, Powell Assuages Rate Worries

Reuters2022-03-03

March 2 (Reuters) - Wall Street ended sharply higher on Wednesday after Federal Reserve Chair Jerome Powell signaled the central bank would likely raise interest rates less than some investors had feared.

Powell's comments, in testimony to the U.S. House of Representatives Financial Services Committee, helped calm investors after Russia's invasion of Ukraine sent markets into a tailspin.

Powell said he is inclined to support a 25 basis point rate hike in March, quelling some concerns about the potential for a more aggressive rate hike.

Traders now see a 95% probability of a 25 basis point hike in March.

All the 11 S&P 500 sector indexes advanced, with financials jumping 2.6% after falling sharply so far this week. The banks index rebounded 3% after hitting its lowest level since September 2021 in the previous session.

Energy shares resumed their march higher, with the S&P 500 energy index rallying 2.2% as Brent crude jumped to near eight-year highs after Western sanctions disrupted transport of commodities exported by Russia.

Russia's week-old invasion has yet to achieve its aim of overthrowing Ukraine's government. Ukrainians said they were battling on in the port of Kherson, the first sizeable city Russia claimed to have seized, while air strikes and bombardment caused further devastation in other cities.

"From day to day you go from the fear of escalation that could make things very bad to the hope that it will not really happen and that cooler heads will prevail, and that the economy is strong enough to get through this," said Tom Martin, senior portfolio manager at GLOBALT Investments in Atlanta.

Apple ended 2.1% higher after announcing a product launch for March 8, when it is expected to promote a low-cost version of its popular iPhone with 5G.

The Dow Jones Industrial Average rose 1.79% to end at 33,891.35 points, while the S&P 500 gained 1.86% to 4,386.54.

The Nasdaq Composite climbed 1.62% to 13,752.02.

Reflecting the breadth of Wednesday's rally, the S&P 500 value index climbed 1.9% and the growth index added 1.7%.

The Philadelphia Semiconductor Index jumped 3.4%, lifted by an 8.2% jump in Micron Technology .

Volume on U.S. exchanges was 13.1 billion shares, compared with a 12.4 billion average for the full session over the last 20 trading days.

Data showed U.S. private employers hired more workers than expected in February as the labor market recovery gathered steam.

Nordstrom Inc surged 38% after the department store chain forecast upbeat full-year revenue and profit.

Advancing issues outnumbered declining ones on the NYSE by a 2.60-to-1 ratio; on Nasdaq, a 1.95-to-1 ratio favored advancers.

The S&P 500 posted 26 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 51 new highs and 123 new lows.

免责声明:本文观点仅代表作者个人观点,不构成本平台的投资建议,本平台不对文章信息准确性、完整性和及时性做出任何保证,亦不对因使用或信赖文章信息引发的任何损失承担责任。

举报

评论7

  • Andr3
    ·2022-03-03
    L
    回复
    举报
    收起
    • Andr3
      c
      2022-03-03
      回复
      举报
  • modder1440
    ·2022-03-03
    bubble building up?
    回复
    举报
    收起
  • crystaly
    ·2022-03-03
    Like pls
    回复
    举报
  • hu1250
    ·2022-03-03
    Pls like 
    回复
    举报
    收起
    • crystaly
      done
      2022-03-03
      回复
      举报
    • henghm
      like and comments
      2022-03-03
      回复
      举报
  • AdrinaChow
    ·2022-03-03
    Like
    回复
    举报
    收起
    • hu1250
      Ok
      2022-03-03
      回复
      举报
  • LibeQ
    ·2022-03-03
    Like
    回复
    举报
    收起
  • amazinggrace
    ·2022-03-03
    Please like thanks
    回复
    举报
    收起
    • LibeQ
      Ok
      2022-03-03
      回复
      举报
    • amazinggrace
      Did for myself
      2022-03-03
      回复
      举报
 
 
 
 

热议股票

 
 
 
 
 

7x24