Widman’s Market Update, May 4, 2022

Market Barometer

US markets rallied sharply this afternoon as the U.S. Federal Reserve Chair Jerome Powell announced a half-point rate hike but left assurances against any bigger rate hikes. In New York, the Dow Jones jumped 932.27 to 34,061.06, the S&P 500 gained 124.69 to 4,300.17, while the Nasdaq Composite rose 401.10 to 12,964.86. Canada’s main stock…

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