12 min listen
Stocks Tumble After Fed Hikes Rates Again; MSFT, LRCX, MTH Hold Up
Stocks Tumble After Fed Hikes Rates Again; MSFT, LRCX, MTH Hold Up
ratings:
Length:
14 minutes
Released:
Mar 22, 2023
Format:
Podcast episode
Description
The Federal Reserve, as expected raised its key lending rate by another quarter point to a range of 4.75% to 5%. It sees the terminal rate at 5.1% by the end of the year, which implies one more rate hike. The Nasdaq composite and S&P 500 ran into key resistance levels before turning lower, but Microsoft, Lam Research and Meritage Homes held up relatively well.
Released:
Mar 22, 2023
Format:
Podcast episode
Titles in the series (100)
Indexes Rebound Bullishly; Salesforce, Aehr Test Systems, Dexcom Are Big Movers: S&P 500, Nasdaq rebound, shrugging off hot yields. by Stock Market Today With IBD