Alva Review-Courier -

Stocks rally on Wall Street as oil prices keep falling

 

March 16, 2022



NEW YORK (AP) — Technology companies led stocks broadly higher on Wall Street Tuesday, as oil prices slid sharply for the second day and inflation worries ebbed. The market rally came a day ahead of the Federal Reserve's highly anticipated interest rate policy update.

The S&P 500 rose 2.1%, ending a three-day losing streak, after a report showed inflation's rapid acceleration paused at the wholesale level last month. The Dow Jones Industrial Average rose 1.8% and the tech-heavy Nasdaq composite rose 2.9%.

The wilder action was in oil and Asian stock markets, where tightened anti-COVID mea...



For access to this article please sign in or subscribe.

 

Reader Comments(0)

 
 

Our Family of Publications Includes:

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2021