Stocks Climb as Oil Retreats, Fed Calms Inflation Fears
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11 Articles
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Free Malaysia Today NewsStocks climb as oil retreats, Fed calms inflation fears
The US Fed raised interest rates to control inflation, despite US President Donald Trump calling for lower rates.
After the interest rate increase, the US investors quickly put the damper away. The unanimity of the Fed vote makes for relief. Falling oil prices also make for a respiration.
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Wall Street Rebounds as Tech Shares Rally, Oil Retreats After Fed Rate Hike
U.S. stocks finished sharply higher Thursday as technology shares advanced, crude oil prices eased and Treasury yields declined a day after the Federal Reserve raised ... The post Wall Street Rebounds as Tech Shares Rally, Oil Retreats After Fed Rate Hike first appeared on [your]NEWS.
The decline in oil and US bond yields gave a boost to stocks, a day after the Fed raised interest rates.
The three main stock indexes closed in strong high, driven by a widespread recovery led by the technology sector, which put Nasdaq in the lead
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