For a while, the most likely outcome for stock markets in 2023 was a trading range. Now, much worse scenarios are on the table.
This past week, the Dow Jones Industrial Average gained 376 points, or 1.2%, the S&P 500 index finished up 1.4%, and the Nasdaq Composite rose 1.7%. All three fell about 1% after the Federal Reserve raised rates a quarter point on Wednesday.
Source: finance.yahoo.com
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