Forex Analysis & Reviews: 07.07.2022 - US stock market posts...

Live Chat

InstaForex - Official partner of Dragon Racing

This section features the most important information about trading with InstaForex. We provide both analysis from leading experts for experienced traders and articles on trading conditions for beginners. Our services will help increase your profit potential.

Become Trader

Account Opening

See also

Trading Conditions

Forex Analytics

Charts

This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.

Start as Beginner

How to start trading

Useful information

Training and recordings

InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.

Become Investor

PAMM System

ForexCopy System

Passive investments

OYS account

Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.

Become Partner

Main Page

Partner Area

Advantages for Affiliates

Registration

This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.

All Promo Campaigns

Bonuses

Contests

Events

Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.

Full details

Forums

We are in social networks

Forex humour

Forex Portal

InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.

Learn More

History

Why Choose Us

InstaSport

Regulation

Company News

Awards

InstaForex Stars

InstaForex Offline

Headquarters

Key documents

Social Responsibility

InstaForex Loprais Team - Official participant of the Dakar rally

07.07.2022 04:03 PM

US stock market posts modest gains

The US stock market gained only 0.23-0.36%. The Dow Jones Industrial Average posted the weakest growth, up by 0.23%. The S&P 500 and the NASDAQ Composite added 0.36% and 0.35% respectively.

Investors are focusing on the decisions taken at the US Federal Reserve's June meeting. Market participants are closely following all decisions by central regulators, as a sharp increase in interest rates could have a negative impact on both stock markets and the entire global economy.

At its June meeting, the Fed confirmed its intention to tackle rising inflation at a rapid pace. For the first time in almost 30 years, the regulator increased the rate by 75 points at once to 1.5-1.75%. It also signaled its intention to increase it further. At the forthcoming meeting, which will take place this month, it is expected that the rate will be raised by 50 or 75 points. Minutes are not out yet, but markets are already pricing this 50-75 point hike.

Investors are guessing what the rate will ultimately be after a series of increases. For example, if it rises by 50 points, it will reach 3%. If it rises by 75 points, it will increase to 3.25% or 3.5%. When the interest rate stops at 3.5% or higher, the possibility of recession in the economy will be close to 50%. Fed policymakers have also expressed concern about the impact an interest rate hike could have on the overall economy.

According to the latest data, the ISM Services PMI edged lower to 55.3 in June of 2022 from 55.9 in May, beating market forecast of 54.3.

Among the S&P 500's 11 sectors, eight moved up. The utilities and technology sectors were the biggest gainers. The oil and gas sector was down by 1.7% as oil fell to its lowest level in three months.

Following the report of an upcoming deal for Amazon to buy a 2% stake in Grubhub from Just Eat Takeaway due to problems at the company, Uber Technologies, Inc. and DoorDash, Inc. were down by 4.5% and 7.4%, respectively. At the same time, Amazon's shares added 0.7%.

Tyson Foods, Inc. was down slightly. Its shares fell by 0.1%. The company reported a forthcoming deal to acquire stakes in two poultry companies in Saudi Arabia to expand its business abroad.

Kornit Digital, Ltd. saw the biggest drop in value with its shares falling by 25.7%. This was due to the company's worsening outlook for the second quarter of the year.

Rivian Automotive, Inc. added 10.4% as the company quadrupled its shipments as a result of higher vehicle production volumes.

You have already liked this post today

*Disclaimer: The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.