Why Stock Markets Enjoyed a Post-Fed Rally
Baystreet·- Stock markets experienced a post-Fed rally primarily driven by declining oil prices rather than the 25 bps interest rate increase by the Federal Reserve. - Technology stocks, including the Magnificent 7, led the gains with the Nasdaq closing up 1.69 %, while debt-heavy firms and telecom stocks faced significant declines. - Investors also sought safe-haven assets by purchasing gold and silver ETFs along with Treasury bonds, despite ongoing energy price risks.