BEST WEEK OF THE YEAR! | ☕

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Published on March 17, 2022 by

BEST WEEK OF THE YEAR! | ☕
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Description: BEST WEEK OF THE YEAR!
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Dow jumps 500 points in relief rally after Fed announces first rate hike since 2018
The Dow Jones Industrial Average rose 518.76 points, or 1.5%, to 34,063.10 after turning red initially following the release of the Fed’s statement. It swung within a 576-point range on the session. The S&P 500 added 2.2% to 4,357.86, and the Nasdaq Composite gained 3.7% to 13,436.55.

The Fed announced at the conclusion of its two-day meeting Wednesday that it will increase short-term interest rates by a quarter of a percentage point, a well-telegraphed move by the central bank as it seeks to control surging inflation. But it was the central bank’s outlook that surprised traders somewhat and knocked the market down initially.

What does 500 points mean in the stock market?
The designated number of points divided into the value of the underlying stock or index price produces a percentage change. If IBM is up 5 points from $100 per share, that means that it’s up $5, and the stock gained 5 percent. If the S&P 500 is up 5 points from 1,420, the stock index gained 0.35 percent.

This video was created to help people learn more about trading stocks and or Investing in the stock market.
I suggest stocks weekly to day traders and investors to consider.

DISCLAIMER: I am not a financial advisor. These videos are for educational purposes only. Investing of any kind involves risk. Your investments are solely your responsibility and we do not provide personalized investment advice. It is crucial that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments. Please consult your financial or tax professional prior to making an investment.

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