On Wall Street, all three major indexes close higher on Wednesday, November 23, led by gains in technology, consumer discretionary, communications, healthcare, and industrial stocks.
NEW YORK, USA – World equities rose while US Treasury yields retreated on Wednesday, November 23, after minutes of theshowed US central bankers looking to soon moderate the pace of interest rate hikes.
“I didn’t really think there were any surprises. They seem to still be pointing out that the risks of inflation are still high and recent data has been more persistent than they thought,” said Jordan Kahn, chief investment officer at ACM Funds in Los Angeles. “The Fed has been hiking rates at 75 basis points and it was just unrealistic for them to continue at that pace,” Kahn added.
Oil prices fell more than 3%, continuing a streak of volatile trading as the Group of Seven nations considered a price cap on Russian oil above the current market level and as gasoline inventories in the United States built by more than analysts’ expected.
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