Investors expect the Fed to raise rates soon.
(Photo: Reuters)
Frankfurt Investors’ delight over US monetary policy continues: The leading indices Dow Jones, Nasdaq and S&P 500 expanded their latest price gains when they opened on Thursday, gaining around half a percent each.
The Fed is scaling back its securities purchases faster and is signaling three rate hikes for 2022. “That signals that the central bank has a clear plan not to let inflation get out of hand,” said financial market expert Russ Mold of brokerage firm AJ Bell.
“Investors seem to have a lively pace.” With many factors of uncertainty now eliminated, the chances of a Christmas rally are good, predicted Art Hogan, chief investment strategist at asset manager National Securities.
Look at further individual values
Delta Air Lines: Delta Air Lines was one of the winners on Wall Street with a price increase of 2.5 percent. Despite tightened travel restrictions, the airline wants to return to profitability in 2022. It is targeting a profit of more than seven dollars per share in 2024. In some cases, however, she expected more, complained analyst Sheila Kahyaoglu of the Jefferies investment bank.
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Shopify: At the start of the stock market, Shopify shares increased by two percent. Evercore had previously upgraded the stock. In terms of their growth opportunities, the company represents a high quality asset.
US stock market expert Koch: “Wall Street hopes for Christmas rally after Fed decision”
Lennar: The quarterly profits and sales fell short of the forecasts. The house builder suffered from higher wood costs as well as increased labor costs and shortages of raw materials, which led to delays in home delivery. The stock fell 5.1 percent.
Novartis: Novartis has launched a new share buyback program worth up to $ 15 billion. These buybacks are expected to end by the end of 2023. The shares rose five percent.
Visa: Visa stock rose 0.8 percent after it was announced that it added $ 12 billion to its share buyback program. The total amount of the repurchase authorization increased to $ 13.2 billion.
More: These eight stocks are the bearers of hope for the stock market year 2022