US stocks traded higher on Thursday as investors digested recent hawkish comments from Fed officials.
The markets are now expecting the fed Interest rates to hike 75 basis points at this month’s monetary policy meeting. Data released on Thursday showed that jobless claims fell to a three-month low last week.
That European Central Bank also raised its interest rates by 75 basis points during its last session and also signaled further rate hikes.
shares of GameStop Corp. GME Soared more than 7% on Thursday after reporting a lower-than-expected quarterly loss.
That Nasdaq100 up 0.50% to close at 12,321.19 on Thursday during the S&P500 rose 0.66%. That Dow Jones jumped 193 points and settled at 31,774.52 in the previous session.
majority of sectors in the S&P 500 ended positively, with financials and healthcare stocks posting the largest gains on Thursday. Communication Services, however, was the worst performing sector, falling about 0.4% in the previous session.
The Chicago Board Options Exchange’s CBOE Volatility Index (VIX) fell 4.2% to close at 23.61 points on Thursday.
What is the CBOE Volatility Index?
The CBOE Volatility Index, popularly known as the VIX, is a measure of stock market volatility expectations based on the call and put of the S&P 500 Index options.
