NEW YORK—Stocks were mixed and bond yields rose Wednesday ahead of a widely expected interest rate increase from the Federal Reserve. Oil prices rose as Europe moved toward banning Russian oil. Crude oil prices rose 3.9 percent after Europe took a step closer to placing an embargo on Russian oil as that country continues its war against Ukraine. Any embargo could strain oil supplies and push prices still higher. Exxon Mobil rose 1.9 percent. Technology stocks fell. Cloud services provider Akamai Technologies plunged 11.8 percent after reporting weak first-quarter earnings and revenue. Many companies in the sector have pricey stock values and therefore have more force in pushing the major indexes up or down. ...
Source: https://www.theepochtimes.com/stocks-dr ... 45499.html
Stocks Drift, Bond Yields Rise as Markets Wait for the Fed
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Stocks Drift, Bond Yields Rise as Markets Wait for the Fed
"America needs a brushfire, a moral and spiritual brushfire. And brushfires burn from the bottom up." ~ Bob Woodson