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Your Evening Briefing: Investors See Growth Despite Looming Rate Hikes

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First Day Of Trading On Floor Of NYSE In 2022
Photographer: Michael Nagle/Bloomberg

U.S. stocks rose in a broad-based rally as gains seemed to signal improving investor confidence despite looming Fed tightening. The S&P 500 climbed, led by gains in financials and materials sectors, while Apple, Microsoft and Amazon lifted the Nasdaq 100. “The primary market trend appears higher aided by an economy on solid footing and resilient earnings,” said Keith Lerner, co-chief investment officer at Truist Advisory Services. “We are also encouraged that the market is already pricing in a great deal of rate hikes, that investor sentiment has reset sharply, and that valuations have pulled back.” Here’s your markets wrap

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