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U.S. Stocks Edge Higher as Investors Look to Aggressive Fed

Stock Markets Sep 07, 2022 10:19AM ET
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By Liz Moyer

Investing.com -- U.S. stocks edged higher as investors braced for continued aggressive interest rate hikes by the Federal Reserve.

At 10:16 ET (14:16 GMT), the Dow Jones Industrial Average rose 61 points, or 0.2%, while the S&P 500 rose 0.2% and the NASDAQ Composite rose 0.3%.

The Fed remains committed to taming inflation, and the market increasingly believes that means the central bank will raise its benchmark rate by another 0.75 percentage point later this month, as it did in each of June and July. Some investors had hoped slowing inflation signs would signal smaller rate cuts.

Fed Chair Jerome Powell is scheduled to speak on Thursday, and investors will be closely listening for any hints of future policy direction.

Newell Brands Inc (NASDAQ:NWL) shares fell 0.3% after the maker of Rubbermaid containers said it saw a bigger than expected pullback in demand from consumers, leading it to cut third quarter guidance.

United Airlines Holdings Inc (NASDAQ:UAL) shares rose 2% after it raised its third quarter revenue outlook, citing strong travel demand.

Twitter Inc (NYSE:TWTR) shares rose 3.9% on a Reuters report that a Delaware judge denied Elon Musk’s request to delay the trial about his deal to buy Twitter until November.

Oil fell, with a worsening energy crisis in Europe, on demand fears. Crude Oil WTI Futures was down 4%, to $83.36 a barrel, while Brent Oil Futures crude fell 3.6% to $89.45 a barrel. Gold Futures rose 0.1% to $1715 an ounce.

U.S. Stocks Edge Higher as Investors Look to Aggressive Fed
 

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Comments (12)
First Last
First Last Sep 07, 2022 11:30AM ET
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" Some investors had hoped slowing inflation signs would signal smaller rate cuts."  --  Last word should be "hikes" instead of "cuts"?
Yellow Owl
Mystic_Owl Sep 07, 2022 10:47AM ET
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Complete disregard for public intelligence. This is what happens when you prop fringe political social trends over competence. It takes toll on everything. Very sad.
Marcel Kohler
Marcel Kohler Sep 07, 2022 10:46AM ET
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the markets just turned schizophrenic, fed will tighten more than expected markets go up, fed will not tighten so much markets go up anyway
Mangalavati Citra
Mangalavati Citra Sep 07, 2022 10:46AM ET
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It’s a bulltrap. Tomorrow the price will go down again.
S S Shet
pingo_0070 Sep 07, 2022 10:41AM ET
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stupid people writing stupid headline ... are u smoking weed before writing ur articles ..
First Last
First Last Sep 07, 2022 10:41AM ET
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The headline is true at time it was published and is still true now.  Don't redefine "stupid people" to people who speaks truths.
S S Shet
pingo_0070 Sep 07, 2022 10:41AM ET
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man .. don't bring your frustration of loosing money here ...
First Last
First Last Sep 07, 2022 10:41AM ET
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S S Shet   I knew the headline was correct & didn't go short, so didn't lose $
Grant McBride
Grant McBride Sep 07, 2022 10:19AM ET
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This headline is gold! Maybe Liz just wanted ro change "higher" to "lower" at 10am when the market flips.
First Last
First Last Sep 07, 2022 10:19AM ET
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Where's that flip?
Mr Profit
Mr Profit Sep 07, 2022 10:17AM ET
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Interest rate will hike 21 sep.why the dollar 💩🤬 up from last monthFed go to ******
Casador Del Oso
Casador Del Oso Sep 07, 2022 10:15AM ET
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It is possible that the market is oversold. A small micro rally could happen before stocks continue their descent. The path to the bottom is never a straight line.
Lalit Mohan Pandey
Lalit Mohan Pandey Sep 07, 2022 10:15AM ET
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World economy has kicked out European nations which are termites to world economy, because they only eat and don't produce. Hence there is a bullishness in market.
First Last
First Last Sep 07, 2022 10:15AM ET
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Lalit Mohan Pandey   Tell us how productive the Russians are outside of arms and energy (which doesn't need much labor)?
Michael Paulsen
Michael Paulsen Sep 07, 2022 10:04AM ET
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Aggressive fed causes stocks to rise. That's a new one
Stock Market Genius
Stock Market Genius Sep 07, 2022 10:04AM ET
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m Meera
m Meera Sep 07, 2022 10:04AM ET
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Yes amazing.
Mangalavati Citra
Mangalavati Citra Sep 07, 2022 10:04AM ET
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It’s known as a bulltrapp. Better to stay away or place a short when it reaches the peak.
James Wills
James Wills Sep 07, 2022 9:59AM ET
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Just say "US stocks higher" no rhyme or reason on a daily basis really. Just continuation of a downward trend until some clarity macroeconomically is restored.
Albert Vargas
Albert Vargas Sep 07, 2022 9:58AM ET
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First rate hikes causing downfall, now causing upside, they dont know what else to say
Stan Smith
Stan Smith Sep 07, 2022 9:58AM ET
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I was going to say: fears of an aggressive FED was the reason stocks fell yesterday. Honestly, these markets are now nothing but a *****shoot casino
 
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