Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top

Why is the stock market green?

I'm kinda new to stocks, but I have some knowledge of what interest rates do to the general economy. I know that higher interest rates basically make money more expensive, leading to lower profits and a more negative outlook on equities because of higher costs. With the 75 basis point increase, I was expecting the stock market to go down, but why was it more green today? Is this the interest rate increase being priced in?
$S&P 500 Index(.SPX.US)$ $Invesco QQQ Trust(QQQ.US)$ $Apple(AAPL.US)$ $NIO Inc(NIO.US)$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
9
Translate
Report
78K Views
Comment
Sign in to post a comment
4Followers
5Following
17Visitors
Follow