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These '20 Stocks To Watch' Moved On Last Fed Rate Hike: How Will They React Today?

Benzinga Real-time News ·  Feb 1, 2023 12:38

The Federal Reserve's interest rate hike announcements have the potential to cause significant volatility in the stock market.

The last rate hike, on Dec. 14, 2022, when the Fed issued a 50-basis point hike, led to fluctuations in the stock market, with the broad S&P 500 (NYSE:SPY) losing 2.49% between Dec. 14, and Dec. 15.

The top moving stocks, both gainers and losers, of that day were affected by the news.

Read also: U.S. Stocks On Track For Nervous Start As Traders Go Fed Watching

On Wednesday, the Fed is expected to announce another rate hike, causing traders and investors to closely watch the market for any signs of turbulence.

While most of these stocks moved to the downside, here were the top movers from Dec. 14 through Dec. 15, according to data from Benzinga Pro.

Company

Ticker

+/- Change Dec. 14 - Dec. 15

Roblox Corp

RBLX

-15.76%

OneConnect Financial

OCFT

-13.01%

AMTD Digital Inc

HKD

-11.94%

Super Micro Computer, Inc.

SMCI

-10.51%

Western Digital Corp

WDC

-10.1%

Celldex Therapeutics, Inc.

CLDX

+10.04%

Zurn Elkay Water Solutions

ZWS

-9.95%

Nucor Corporation

NUE

-9.35%

Unity Software Inc

U

-9.35%

Claros Mortgage Trust Inc

CMTG

-9.18%

Bill.com Holdings

BILL

-8.96%

Warner Bros Discovery Inc

WBD

-8.93%

Southwest Gas Holdings

SWX

-8.86%

TAL Education Group

TAL

+8.85%

Paramount Global

PARA

-8.78%

Spotify Technology

SPOT

-8.77%

Netflix Inc

NFLX

-8.63%

Krispy Kreme Inc

DNUT

-8.53%

Bilibili Inc

BILI

-8.5%

Alight Inc

ALIT

-8.24%

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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