On the SPOT blog (07/28/2022) [X..]
Updated: Aug 30, 2022
Wall Street finished the day in green today following a dip into the red in the morning that seems influenced by the -ve GDP data but then staged a comeback perhaps because investors gained confidence in future easing of rate hikes as it is expected that Federal Reserve will attempt a "soft landing" by not forcing the economy into recession. Besides, earnings were also mixed in that while META presented -ve picture, Ford seemed upbeat about its revenue and earnings beat and remainder of the year.
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