Overview

• 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%.