The S&P 500 jumped above the key 200-day level on Fed chief Powell's comments. But inflation data and the jobs report loom. Read More...
Motley Fool
Why Tech Stocks Meta Platforms, Etsy, and Airbnb All Popped Today
Shares of Meta Platforms (NASDAQ: META), Etsy (NASDAQ: ETSY), and Airbnb (NASDAQ: ABNB) were catching an afternoon breeze after Federal Reserve Chair Jerome Powell made dovish remarks in a speech today. As of 2:45 p.m. ET, the Nasdaq was up 2.9%, while Meta had gained 6.4%, Etsy was up 4.7%, and Airbnb was up 4.3%. Speaking at the Brookings Institution, Powell said that the central bank could slow the pace of rate increases at the next FOMC meeting on Dec. 13-14.
