Wall Street equities increase as the earnings season gets underway

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Last Updated on July 20, 2022 by Bitfinsider

As the US earnings season got underway and investors evaluated the direction of monetary policy, Wall Street stocks rose on Tuesday as the dollar fell.

The S&P 500 stock measure recorded its largest daily gain since late June by finishing the day up 2.8%. The increases for the mega-caps Amazon, Alphabet, and Microsoft helped the technology-heavy Nasdaq Composite increase by 3.1%, which was also the largest movement since late June. Meta, who owns Facebook, gained 5.1% throughout the day.

Investors were still debating whether the likelihood of a recession would force the US Federal Reserve to loosen its position on monetary policy when the broad rally occurred. The main interest rate is anticipated to increase by 0.75 percentage points next week, to a range of 2.25 to 2.5 percent, after consumer price inflation in the largest economy in the world reached a 40-year high of 9.1% last month.

The quarter-end corporate earnings season has sparked worries that the over 20% decline in global markets this year may not be over yet.


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Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.


Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.

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