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Wall Street continues the winning streak

  • Regular
  • US Market
  • 2 months ago
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US indices kept up the winning streak as a transcript from the Federal Open Market Committee’s meeting in January showed that almost all participants agreed on halting the balance sheet in the later part of this year.

Markets were also boosted by comments of the Fed’s Vice Chairman Richard Clarida, appearing to have doubts about a slowdown in the economy.

“It’s not even clear how much of a slowdown, if any, that we’re seeing in the economy.”

On that note, the DJIA rose by 0.2% while the S&P 500 also increased by the same margin of 0.2%.

The Nasdaq continued its winning streak matching its previous 8-day run recorded in last August.

 

Source: Smart Trend Team