US stock exchanges closed Wednesday higher after a rise in the benchmark interest rate. New York News. New York Business portal

17 March 2022

3194

2 min.

US stock exchanges closed Wednesday higher after a rise in the benchmark interest rate

Stock market after Fed announcement

The New York Stock Exchange closed Wednesday with gains in key indices after the US Federal Reserve (Fed) raised its benchmark interest rate to 0.25-0.5% per annum for the first time since 2018.

The Dow Jones Industrial Average rose 518.76 points (1.55%) to 34,063.1 points. The S&P 500 index gained 95.41 points (2.24%), rising to 4,357.86 points. The Nasdaq electronic exchange index rose 487.93 points (3.77%) to 13,436.55 points.

On the corporate side, Dutch Bros (NYSE: BROS) shares started trading at $50.54 in yesterday's trading and closed on the upside (4.39%) at $51.58. The maximum price per share was US$52.20 and the minimum was US$49.31.

Shares of Olin Corp. (NYSE: OLN) opened at $50.86 and closed on the plus side (5.11%) at $52.82. Also, the maximum price per share was US$52.99 and the minimum was US$50.64.

Shares of SEI Investments (NYSE: OLN) opened at USD 58.38 and closed on the plus side (2.37%) at USD 59.26. The maximum value per share was US$59.57 and the minimum was US$58.16. It is worth noting that the Volume stands at 663,445.

Shares of US auto dealer Penske Automotive (NYSE: PAG) started at USD 102.18 and closed on the plus side (4.10%) at USD 105.32. The maximum value per share was US$106 and the minimum was US$102.18.

Store Capital (NYSE: STOR) shares opened at USD 29.17 and closed on the plus side (0.14%) at USD 29.01. The maximum value per share was US$29.40 and the minimum was US$28.32. Also, Volume is 3,304,659.

Berry Global (NYSE: PAG) shares started at US$59.05 and closed on the plus side (1.35%) at US$59.19. The highest price per share was US$59.96 and the lowest was US$58.37.

Avalara (NYSE: AVLR) shares started at US$79.51 and closed on the plus side (8.97%) at US$84.65. The highest price per share was US$84.85 and the lowest was US$78.95.

Procore (NYSE: AVLR) shares started at US$54 and closed on the plus side (8.10%) at US$57.55. The highest price per share was US$57.70 and the lowest was US$53.50.

Also, April WTI crude futures fell $1.66 a barrel (1.72%) to $94.78 a barrel on Tuesday.

Companies¹¹ in the news

Procore Technologies

1 place

Avalara

2 place

Berry Global

3 place

Store Capital

4 place

Penske Automotive Group

5 place

SEI Investments

6 place

Olin Corporation

7 place

Dutch Bros. Coffee

8 place

Nasdaq

9 place

Dow Jones

10 place

Federal Reserve Board (Fed)

11 place

Tags:

Section:

Source foto:

NEW YORK NEWS

News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.

GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.

The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.

New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!

Alena Potapova

Development Director