Markets Still Higher Despite Potential Pullback From Fed

U.S. markets traded higher amid another week of earnings and a potential bombshell Fed announcement.

At midday, the Dow was up 54 points, the S&P 500 traded flat and the Nasdaq gained 47 points.

- Advertisement -

The Fed will hold its monetary policy meeting on Tuesday. Analysts predict that this is when the Fed will formally start to ‘taper’ or, slow down its pace of monthly bond purchases.


Whether the Fed will in fact do that, however, is still somewhat debatable. At present, there are concerns about slowing growth that have some investors questioning the Fed’s strategy. Nonetheless, inflation is increasing and thus, the Fed should be incentivized to pull back on its money-printing strategies.

U.S. Dollar and Treasuries

The yield on the 10-year Treasury rose to 1.582%. The dollar weakened against a basket of major currencies.

Price Chg. Chg. %
U.S. Dollar Index (DXY): 93.95 -0.17 -0.19%


Stocks To Watch

Tesla (TSLA) continues its last week’s surge. Trading up 6% to $1,180.02. Ganfeng Lithium announced it has signed a contract with Tesla to supply it with batteries.

Plug Power (PLUG), a hydrogen fuel cell company gained nearly 8%, after last week’s rally. Investors expect that the focus on clean energy and infrastructure will boost the company’s business.

Shares of Novavax (NVAX) surged nearly 13% after the company announced it has completed its submission to Canada’s authorities for its COVID-19 vaccine candidate.

Shares of Meta Platforms (FB) formerly known as Facebook rose, up 3.7%, amid the company’s rebranding effort. Investors are optimistic about the company’s focus on the ‘Metaverse.’

Commodities To Watch

Oil prices rose on demand outlook, despite a rise in Chinese fuel reserves. Gold rose. 

Resource Price Chg. %
WTI Crude Oil $84.06 0.59%
Brent Crude Oil $84.26 0.65%
Natural Gas $5.36 -1.29%
Gold $1,790.70 0.38%
Silver $24.03 0.32%
Copper $4.37 0.06%
Soybeans $1,246.00 -0.28%



The global crypto market cap is $2.65T, a 2.62% increase over the last 24 hours. Bitcoin’s dominance is currently 44.05%, a decrease of 0.24% in the same period.

Currency Symbol Price Chg. % Market Cap.
Bitcoin BTC $61,843.07 +2.37% 1.17t
Etherium ETH $4,348.44 +3.67% 512.10b
Cardano ADA $1.97 +1.79% 61.33b
Ripple XRP $1.09 +0.71% 47.99b
Dogecoin DOGE $0.2720 +4.14% 35.89b

- Advertisement -

Related Articles

Stay Connected

- Advertisement -

Latest Articles

Get The Full Story From Me

Conservative Media is under attack from Big Tech. Please join my 100% FREE NEWSLETTER.