Global Markets React to Prospect of Fed Action

New York Stock Exchange opens lower after Federal Reserve hints at possible rate hikes in 2023.
European stock markets closed lower, except for London, after the ECB announced another interest rate hike and its president, Christine Lagarde, ruled out an imminent pause in monetary policy tightening.
Wall Street turned higher, with the Dow Jones up 1.01%, the S&P 500 up 0.74%, and the Nasdaq Composite up 0.58%, benefiting from strong economic indicators and falling US Treasury yields.
Dow Jones, S&P-500, and Nasdaq all saw significant gains.
Kroger disappointed with revenue forecasts and lost 2.69%.