The Dow moved up by over 200 points yesterday as it closes in on the 35000 handle.
This comes after remarks from Federal Reserve Chair Jerome Powell, stating inflation is too high and vowed tough action. Powell also says that the Fed will continue to hike rates until inflation comes under control.
So will the next quarter see US indices push higher, or is another downturn likely?
Timestamps:
- DOW30 01.20
- SPX500 03.00
Trade over 200 of the hottest stock CFDs with spreads starting from 0.0 pips – Open your Orbex account today!
The post StockWatch: Dow Closes in on 35000! appeared first on Orbex Forex Trading Blog.
