NDX Volatility Following Fed's Rate Hike, IGV & SOX Dispersion Grows
6 Articles
6 Articles
The New York Stock Exchange closed lower on Wednesday, following the Fed's decision to raise interest rates in an effort to curb inflation. Specifically, the Dow Jones Industrial Average closed down 631.21 points (-1.21%), at 51,461.90 points. The Nasdaq, dominated by technology stocks, closed down a marginal 3.14 points (-0.01%), at 25,978.42 points. The broader S&P 500 index, indicative of the general trend, closed down 33.92 points (-0.45%), …
NDX Volatility Following Fed's Rate Hike, IGV & SOX Dispersion Grows
@nasdaq's Kevin Davitt turns to historic data in the index on Fed days and why Wednesday's "kneejerk" reaction to an interest rate hike can reverse in sessions ahead. While realized volatility in Nasdaq-100 (NDX) options remain low now, Kevin points to catalysts ahead that he expects to change that
The Wall Street stock index in the United States closed down on Wednesday (16/9).
Economy: Direct - American equities closed down sharply following the Fed's decision to raise interest rates by a quarter percentage point to reach a range of 3.75 percent...
The US economy has strengthened since the last Fed meeting, but inflation trends have not shown significant improvement.
At the close, the Dow Jones index fell 1.21 percent to 51,461.90 points. The S&P 500 index decreased by 0.45 percent to 7,551.81 points, and the Nasdaq index dropped 0.01 percent to 25,978.42 points. The Fed lowered its policy interest rate by 25 basis points, in line with expectations...
Coverage Details
Bias Distribution
- 100% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
