The New York Stock Exchange (NYSE) rose to the assessment that the results of the Federal Open Market Committee (FOMC) regular meeting were easing.
On the 22nd (U.S. Eastern Time), the Dow Jones Industrial Index closed at 34,258.32, up △338.48 points (1.%) from the previous day.
The Standard & Poor’s 500 index closed at 4,395.64, up 41.45 points (0.95 percent) from the previous day.
The technology-oriented NASDAQ Composite Index closed at 14,896.8, up △ 150.4 points (1.02%) from the previous day.
The Russell 2000 Index, which reflects small and medium-sized stocks, closed at 2,219.3, up △ 33.12 points (1.51%) from the previous day.
The CBOE VIX volatility index closed at 20.87, down ▽ 3.49 points (-14.33%) from the previous day.
The market conditions of the six stocks invested heavily by Seohak ants are Apple (AAPL) 145.85 (1.69% ↑), NVIDIA (NVDA) 219.41 (3.27% ↑), Microsoft (MSFT) 298.58 (1.28% ↑), Tesla (TSLA) 751.94 (1.7% ↑), Amazon Dotcom (AMZN) 33.05% Alphabet (1.09% ↑)
NYSE investors watched the results of the FOMC meeting and the Evergrande Group incident in China.
The Federal Reserve (Fed) announced on the same day that it will be able to “soon” reduce its asset purchase program worth $120 billion a month.
The Fed said in a statement that if progress (in employment and inflation) continues extensively as expected, the committee believes that easing the pace of asset purchases could soon be justified. This suggests that they will tapering soon.
Market watchers have expected the Fed to tapered as early as November and implement it in December.
According to a dot chart containing the committee members’ interest rate forecasts, half of the committee members expected their first rate hike in 2022. This is an increase of two from the meeting in June. As a result, the median interest rate for members in 2022 rose to 0.3%. This is expected to increase once in 2022.
It was expected to some extent that the timing of the rate hike would be accelerated.