Wall Street Rebounds as Oil Prices Fall and Fed Hikes Rates

US equity markets are posting their first positive session of the week, with the Nasdaq Composite up 1.25% and the Nasdaq 100 climbing 1.7% to 29,434 points. This rebound follows the Federal Reserve's first rate hike in three years, as falling oil prices and a dovish dot plot signal ease inflationary pressures and investor focus shifts back to growth themes.
Handelsblatt Finanzen reports that the Nasdaq 100 has surged 1.7% to 29,434 points, outpacing the broader index gains. This optimism stems from the Federal Reserve's expected 25 basis point hike to 3.75-4.00% and the potential for inflation relief driven by softer crude oil prices, with analysts noting that four officials project two further rate increases this year.
Source: Handelsblatt FinanzenThe Nasdaq Composite climbed 1.25% to close at 26,302.28. This move reversed recent losses as crude oil prices dropped and the Federal Reserve raised interest rates.
Source: The Edge Malaysia






