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?
$S&P 500 Index(.SPX.US$ $Invesco QQQ Trust(QQQ.US$ $Apple(AAPL.US$ $NIO Inc(NIO.US$
$S&P 500 Index(.SPX.US$ $Invesco QQQ Trust(QQQ.US$ $Apple(AAPL.US$ $NIO Inc(NIO.US$
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