Federal Reserve Alert: How to Trade Nasdaq, S&P After the Rate Hike

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The day is finally here. Later this afternoon, the Federal Reserve will announce its first rate hike in quite some time.

Investors have been fearful of a rate hike for several months now, part of the reason why U.S. stocks have been plunging in 2022.

Of course, worries of a recession due to spiking inflation and a war in Eastern Europe aren’t helping sentiment. 

So far, stocks are rallying ahead of the event. The S&P 500 is up 1.6% on the day, while the Nasdaq Composite is up 2.6%. That follows yesterday’s rallies of 2.1% and 2.9%, respectively.

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