The Dow Jones Industrial Average stayed positive this week, adding roughly 194 points today in what has been a solid week so far, as investors adapt to an economy that is likely headed for a recession at some point. Federal Reserve Chairman Jerome Powell in testimony to Congress this week acknowledged that it will not be easy for the Fed to engineer a soft landing as it continues to raise interest rates in order to tame some of the highest inflation seen in four decades. There didn't seem to be one particular sector or stock that investors favored today. Read More...
The Dow Jones Industrial Average stayed positive this week, adding roughly 194 points today in what has been a solid week so far, as investors adapt to an economy that is likely headed for a recession at some point. Federal Reserve Chairman Jerome Powell in testimony to Congress this week acknowledged that it will not be easy for the Fed to engineer a soft landing as it continues to raise interest rates in order to tame some of the highest inflation seen in four decades. There didn’t seem to be one particular sector or stock that investors favored today.
Add Comment