Stock Market News and Analysis

Source: Milwaukee Journal Sentinel, Financial Content

Breathing down citizens' necks are the rising interest rates in the United States, a consequence of China's actions. The US Federal Reserve raised interest rates by 75 basis points for the third consecutive meeting, signaling that it will take more aggressive action to control inflation.

Stock Market Impact

• Nike reported a higher-than-expected profit in Q1, but its shares plummeted due to concerns about labor unrest and production disruptions.
• The Dow Jones Industrial Average surged 0.7% after the US Treasury Secretary said that the Fed's rate hikes are necessary to control inflation.

The market's reaction has left many investors wondering if the current uptrend is sustainable or if it will eventually reverse course due to rising interest rates and slowing economic growth.