Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
---|
Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
---|
Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
---|
The Federal Reserve hiked interest rates by 0.25 percentage points at its July meeting Wednesday, bringing rates to a range of 5.25% to 5.5%, the highest level since February 2001.
The market initially reacted positively following the release of the FOMC statement, but later saw some negative pressure during Fed Chair Jerome Powell‘s press conference.
By using the “movers” feature on the Benzinga Pro platform, we focused on the last hour’s moves for companies with a market cap of at least $10 billion and found the following names among top gainers and top losers.
The SPDR Dow Jones Industrial Average ETF (NYSE:DIA) was up 0.3% in the two hours post-FOMC statement. The Dow Jones Index closed its 13th straight positive session, a record for the postwar period.
The iShares Russell 2000 ETF (NYSE:IWM) rose 0.6% after the Fed announcement.
The SPDR Gold Trust (NYSE:GLD), the largest exchange-traded fund tracking gold prices, also rose nearly 0.3% following the Fed statement.
The U.S. dollar negatively reacted to the Fed’s July meeting. The Invesco DB USD Index Bullish Fund ETF (NYSE:UUP) tumbled 0.3%.
Photo via Shutterstock.
Posted In: AIU AMD ARE BA BBDO BRKR CI DIA GLD IWM PARAA SIRI SNAP TDY UUP