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17 March 2022
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2 min.
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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.
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