S&P 500 Rises After BOJ Hike Seen as ‘No Worse Than Feared’
Tom Essaye says the BOJ’s rate hike eased investor worries, helping tech lead gains.
S&P 500 Notches Weekly Gain as Tech Stocks Lead Rally
The Bank of Japan raised interest rates by 25 basis points to their highest level in 30 years overnight. The move was “no worse than feared” and helped push equities markets modestly higher, Sevens Report founder Tom Essaye wrote Friday morning.
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