Daily Wrap

The S&P-500 gained 2.2% today as the market knee-jerked lower, but ultimately brushed off a hawkish-sounding FOMC decision once Fed Chair Powell started speaking. The NASDAQ-100 and Russell 2000 both gained more than 3.0% while the Dow Jones Industrial Average increased 1.6%. As per yesterday’s posts, I expected the averages to add more to yesterday’s…