US stocks gain, oil drops as investors eye Fed hike decision | Financial Markets News
Written by Black Hot Fire Network on March 15, 2022
The equity market rebounded after a three-day slide while crude hovered near $95 a barrel.
By Rita NazarethBloomberg
Published On 15 Mar 202215 Mar 2022
Stocks advanced as a selloff in oil gathered momentum while New York manufacturing data came in much weaker than expected, easing fears about more aggressive Federal Reserve tightening that could stifle economic growth.
The equity market rebounded after a three-day slide, with defensive groups like consumer staples and utilities leading gains in the S&P 500. Treasury . . .
