Stocks open higher ahead of Fed decision on interest rates
Posted on AllSides June 15th, 2022
From The Left
Stocks are opening higher on Wall Street Wednesday but remain sharply lower for the week as trading remains volatile ahead of a closely watched decision later in the day on interest rates from the Federal Reserve. Treasury yields were easing but remain at the highest level in more than a decade as investors expect inflation to remain difficult to control for some time. The S&P 500 was up 1.3%, while gains for technology companies helped push the Nasdaq up 1.7%. The Dow Jones Industrial Average added 1.1%. The yield on...