September 22: Market Summary
Fed keeps the party going
Here are today’s market moves:
The S&P 500 and other major indexes climbed on Wednesday, recovering losses from earlier in the week.
The Federal Reserve signaled that it may begin easing its support for the economy later this year and a possible 2022 interest rate hike.
The Fed’s support has been credited for helping keep the stock market moving higher since the start of the pandemic.
The S&P 500 is only 3% away from its highs despite a choppy September.
The crypto market gained on Wednesday, with Bitcoin trading above $43,000 and Ether near $3,000.
Facebook's Chief Technology Officer to step down after 13 years.
U.S. House approves bill to suspend debt limit, fund government.
Robinhood is testing a new crypto wallet and transfer features.