📈 Stocks Soar After Fed Announcement - Will It Last?
Feb 2nd 2023, 4:21 pm
Here's what is happening in the markets today, Thursday, February 2
- All major indices higher after Fed announcement
- Fed hikes interest rates by 0.25 as expected
- Powell acknowledges drop in inflation
- Peloton (PTON) & AMD (AMD) rally on earnings beat
- January strongest for Nasdaq in 22 years; S&P 500 since 2019
- Gold hit a session high not seen since April.
- Facebook (META) rallies 19% after reporting earnings
- Fear Index VIX drops 8% below 18
PLUS: How we trade these markets and our current positions
This wraps up today's stock market news.
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