Stocks Rebound Thursday After Fed's Quarter-Point Rate Hike
Markets recovered one day after the Federal Reserve raised rates and signaled another increase could follow, according to CNBC.
U.S. stocks staged a rebound on Thursday, one day after the Federal Reserve raised interest rates by a quarter percentage point, according to a CNBC report previewing market-moving stories ahead of Friday's trading session.
The central bank's move was accompanied by signals suggesting an additional rate increase could be on the horizon, CNBC reported.
The report did not provide further details on the specific sectors, stocks, or index movements involved in Thursday's rebound, nor did it specify additional factors expected to influence trading on Friday.
CNBC's report is part of its regular coverage previewing stories likely to affect stock market activity in upcoming trading sessions.
Sources
- Friday's big stock stories: What’s likely to move the market in the next trading session — CNBC — Top News
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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