【2021.11.4】Market Review and Future Considerations
Stock Price
U.S. stocks rose yesterday, with the Dow Jones Industrial Average up 104.95 points, the S&P 500 up 29.92 points, and the Nasdaq up 161.99 points.
Yesterday, the FOMC met and decided to begin tapering (reduction of asset purchases) in November.
Asset purchases will be scaled back at a pace of $15 billion per month, with a view to completing the purchases by mid-2022.
Tapering will start, but given skepticism toward rate hikes, the market welcomed it and rose.
The market has already priced in the start of tapering, so the rise can be seen as a response after the event.
U.S. stocks are showing strong momentum.
We see continued upside ahead.
U.S. stocks rose yesterday, with the Dow Jones Industrial Average up 104.95 points, the S&P 500 up 29.92 points, and the Nasdaq up 161.99 points.
Yesterday, the FOMC met and decided to begin tapering (reduction of asset purchases) in November.
Asset purchases will be scaled back at a pace of $15 billion per month, with a view to completing the purchases by mid-2022.
Tapering will start, but given skepticism toward rate hikes, the market welcomed it and rose.
The market has already priced in the start of tapering, so the rise can be seen as a response after the event.
U.S. stocks are showing strong momentum.
We see continued upside ahead.
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