U.S. stocks rise as investors assess future rate hikes
Aug 25, 2022
New York [US], August 25: U.S. stocks climbed on Wednesday as Wall Street assessed the Federal Reserve's policy path forward.
The Dow Jones Industrial Average increased 59.64 points, or 0.18 percent, to 32,969.23. The S&P 500 was up 12.04 points, or 0.29 percent, to 4,140.77. The Nasdaq Composite Index rose 50.23 points, or 0.41 percent, to 12,431.53.
All the 11 primary S&P 500 sectors ended in green, with energy and real estate up 1.2 percent and 0.71 percent, respectively, leading the gains.
Fed Chairman Jerome Powell is set to speak on Friday at the central bank's Jackson Hole symposium. Traders will pay close attention to it to look for clues on the Fed's future interest rate path.
The U.S. central bank raised rates by 75 basis points at its June and July meetings in an effort to stifle rampant inflation.
Source: Xinhua
