Sunday, November 28, 2021
More

    Latest Posts

    Dow sticks to the rise as U.S. stocks fall almost on Monday after Biden elects Powell as chairman of the Federal Reserve Board

    The average of 30 Dow industrial stocks rose slightly on Monday, sticking to the rise after President Joe Biden announced that he had appointed Federal Reserve Chairman Jerome Powell for the second term.Dow
    DJIA,
    + 0.05%

    Nasdaq Composite Index rose less than 0.1%
    COMP,
    -1.26%
    ,
    Considered sensitive to interest rate movements, closed at about 1.3% lower, S & P 500
    SPX,
    -0.32%

    According to FactSet preliminary data, it fell by about 0.3%. The S & P 500 fell slightly, but the index’s financial sector rose more than 1%, FactSet data show. Wall Street bank stocks rebounded with Wells Fargo and Company on Monday.
    WFC,
    + 3.24%

    Goldman Sachs Group Inc. rose about 3%.
    GS,
    + 2.27%
    ,
    JPMorgan Chase & Co.
    JPM,
    + 2.15%

    And Morgan Stanley
    MS,
    + 2.48%

    All have risen by more than 2%, as shown by FactSet’s preliminary data. Yields on 10-year government bonds
    TMUBMUSD10Y,
    1.627%

    According to Dow Jones market data, it rose 9 basis points to 1.625%.

    Dow sticks to the rise as U.S. stocks fall almost on Monday after Biden elects Powell as chairman of the Federal Reserve Board

    Source link Dow sticks to the rise as U.S. stocks fall almost on Monday after Biden elects Powell as chairman of the Federal Reserve Board

    The post Dow sticks to the rise as U.S. stocks fall almost on Monday after Biden elects Powell as chairman of the Federal Reserve Board appeared first on Eminetra.

    Latest Posts

    Don't Miss

    Stay in touch

    To be updated with all the latest news, offers and special announcements.