Newsletter: In the Markets – Week-Ending December 18 Crystal Brook Advisors We Make Financial Planning Crystal Clear™ United States: The Federal Reserve raised its key interest rate on Wednesday from a range of 0% to 0.25% to a range of 0.25% to 0.5%. Major US stock markets have demonstrated negative dynamics this week. This was…
U.S. stocks rallied on Friday with the S&P 500 and Dow industrials posting their biggest one-day gains in nearly three months. Investors took a strong U.S. jobs report as a further indication that the Federal Reserve will raise interest rates this month. Comments from European Central Bank President Mario Draghi, who said the bank can do more monetary stimulus if needed, also helped lift markets.