Stocks are drifting in early trading as Wall Street’s wild recent moves calm a bit.
U.S. stocks are drifting in early trading Monday as Wall Street’s wild recent moves calm a bit. The Standard & Poor's 500 was 0.1% higher in its first trading after careening from months of sharp losses to its best week of the year. The Dow Jones industrial average was up 29 points, or 0.1%, as of 9:45 a.m. Eastern, and the Nasdaq composite was 0.4% higher.
” The events with perhaps the most potential to shake markets this upcoming week are speeches set for officials from the Federal Reserve. Last week, the Fed held its main interest rate steady for a second straight time, leaving it at its highest level since 2001. It’s jacked up its federal funds rate from nearly zero early last year in hopes of getting high inflation under control. Perhaps more importantly for markets, Fed Chair Jerome H.
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