The Dow Jones Industrial Average rose today. Indicates that Wall Street will continue to rebound from yesterday’s trading. While investors look forward to the release of US bank earnings next week.
At 8:02 pm Thai time, the Dow futures index gained 69 points or 0.2% to 34,559 points.
The Dow was up 0.25% yesterday, buoyed by investors buying previously declining stocks. while keeping an eye on the tensions between Russia and Ukraine
However, considering the whole week Wall Street stocks are trending lower this week. The Dow is now down 0.7% since the start of the week, while the S&P 500 and Nasdaq are down 1% and 2.6 percent, respectively. First time in 4 weeks
Market trading was pressured by concerns regarding the Federal Reserve’s accelerating interest rate hikes.
Investors are also worried regarding the lack of progress in peace talks between Russia and Ukraine. As the battle entered the second month
Minutes of the March meeting of the Fed indicated that Fed committee backs balance sheet cuts and accelerating the rate hike to extract inflation
The Fed committee agreed to cut its balance sheet by $95 billion a month as early as May. and support an interest rate hike by 0.50% in 1-2 meetings if inflation pressure continues
Financial markets expect the Fed to raise interest rates by 0.50% at meetings in both May and June. and interest rates will reach 2.50-2.75% by the end of this year. That would be above 2.4%, a level most Fed judges consider neutral.
If the Fed raises interest rates at its May meeting as expected. It will be the first time the Fed has raised interest rates by 0.50% since 2000.
Ukrainian President Volodymyr Zelensky said that the incidents of the Russian army’s atrocities once morest Ukrainian civilians in the city of Worship This has made peace talks between Russia and Ukraine more difficult.
“It’s very difficult to continue negotiating. when you see what they have done If Russia delayed the negotiations how much longer. The situation would only get worse. We know that thousands of people have been killed and tortured. including the killing of children and rape women We are investigating this. and will be shown to the media all over the world,” said President Zelensky.
President Zelensky called the incident a war crime. and genocide
