Welcome back to cheddar news.
Everyone on christian shoulder that is the closing bell on Wall
street packed podium here at the new york stock exchange,
a pretty big floor crowd as well.
The bond club of philadelphia celebrating the clothes
at the new york stock exchange and cholera
up there with a busy floor at the NASDAQ in Times Square.
Let's take a look at how this market closed on this Wednesday.
We have one final day left in the first
half of the year and technically the second quarter,
we did end the day mixed on the major indexes, so fractional moves,
but we have been higher, lower kind of all over the place um in a typical 2022 fashion
during today's session, the dow ending with a gain of 3/10 of a percent. The NASDAQ
down not even 1/10 of a person.
And the same was the case for the S and P, not even off 1/10 of a percent.
This coming after some dismal remarks from fed
chair jerome Powell saying that he's going to
do everything in his power as has always been the case to get to price stability.
Ie lower inflation.
But there are factors out of his control.
Russia's invasion of Ukraine, higher gas prices,
higher food prices,
to some extent based on extenuating circumstances and of course
china's zero tolerance policy
when it comes to the coronavirus and lockdowns in major cities there
again, this is a live look at the major indexes,
we did get that first quarter GDP third and final read this morning as well,
showing that the economy did contract more than expected,
down more than 1% negative growth of more than
1% in the first three months of this year.
And still questions as to whether or not we will have
a potential recession,
whether it's happening now or could happen sometime in the coming months and years.