Episode Details
Back to EpisodesNasdaq Holds Firm Despite Hawkish Fed Statement; STE, SYK, MMSI In Focus
Episode 76
Published 2 years, 8 months ago
Description
Stocks recovered off lows even after the Federal Reserve raised its year-end fed funds rate forecast to 5.6%. Small caps lagged, but buyers lifted the Nasdaq and S&P 500 well off lows by the close. UnitedHealth Group weighed on the Dow, but bad news from the health insurer was good news for healthcare stocks like Steris, Stryker and Merit Medical Systems.
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