Thursday, 8 September 2022

S&P 500, Nasdaq, Dow Play Seesaw. Finish Higher

It was a grinding session in US stocks with a flurry of headlines in the morning as a Powell speech aligned with the European Central Bank’s largest rate hike.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...