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US stocks rose during Friday’s trading, supported by the Federal Reserve’s interest rate decision, which showed the central bank’s seriousness to control inflation.
With the continuation of diplomatic talks between the delegations of Moscow and Kiev, Russian President “Vladimir Putin” attacked in his statements yesterday what he called traitors and the pro-Western fifth column that wants to destroy Russia.
Moreover, markets have understood the Federal Reserve’s decision this week to raise the interest rate by 25 basis points to the range between 0.25% and 0.50% with speculation of six additional rate hikes this year.
Fed member James Bullard stated that the central bank must raise interest rates 12 times during 2022 to curb inflation.
In another context, US President “Biden” criticized this week the continued rise in fuel prices in the United States despite the decline in oil prices in global markets.
The Bank of England also decided to raise the interest rate by 25 basis points to 0.75%, which is the third rate increase decided by the Bank in a row.
At the conclusion of the session, the Dow Jones Industrial Average rose 0.8% (regarding 274 points) to 34,755 points, and achieved a weekly gain of 5.5%, the largest since November 2020.
The “Nasdaq” rose by 2.1% (equivalent to 279 points) to 13,894 points, achieving a gain of 8.2% this week, while the broader “S&P 500” rose by 1.2% (equivalent to 51 points) to 4,463 points, and recorded weekly gains. by 6.2%.