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Volatility In Markets Eases Following Speech From Fed Chair Powell

US stocks closed sharply higher on Wednesday after Fed Chair Jerome Powell said that the Fed could slow the pace of rate hikes as soon as the December FOMC meeting but that there is a long way to go in bringing inflation down. Futures traders now see a 75% chance that the US Federal Reserve will increase interest rates by 50 basis points at its December meeting.

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Nasdaq, S&P Futures Rise As Traders Eye Powell’s Speech For Interest Rate Cues — Tesla Gains, Energy And China Stocks In Focus

Trading in the index futures suggests that stocks may open mostly higher on Wednesday, with the Nasdaq Composite and the S&P 500 Index potentially snapping a three-session losing streak.

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Investor Optimism Improves Despite Nasdaq Settling Lower

The CNN Money Fear and Greed index showed an improvement in sentiment among investors followings signs that China’s government may begin to ease its strict COVID-19 restrictions amid protests in the country. The S&P 500 and Nasdaq Composite settled lower for a third session in a row on Tuesday after recording sharp losses in the previous session.

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Market Volatility Eases Slightly Following Hopes Of China COVID-19 Policy Change

US stocks closed mostly lower on Tuesday with markets awaiting guidance on the Federal Reserve's rate increase strategy. US oil futures closed higher in the prior session on hopes that China would loosen its strict covid-19 restrictions that had raised concerns over the worldwide economic growth.

AMZN