EDITOR'S NOTE
Roller-coaster action in equity markets persisted Thursday as investors weighed the Federal Reserve's latest policy update, better-than-expected economic growth and corporate earnings.
The Dow Jones Industrial Average closed the day little changed, while the S&P 500 and Nasdaq Composite both finished the session lower. All three major indexes traded in positive territory earlier Thursday.
"The volatility is making people exhausted and with the macro narrative in such flux (the most uncertain it's been in two years), investors have zero conviction," Vital Knowledge's Adam Crisafulli said in a note.
 U.S. gross domestic product rose 6.9% from the year prior, the Commerce Department reported Thursday, better than economists experienced.
On the downside, shares of Intel and Tesla dragged on the S&P 500 and Nasdaq. Both companies issued quarterly earnings beats on Wednesday.
Looming over markets was the Fed's announcement Wednesday that an interest rate hike could come soon, with Chair Jerome Powell saying the central bank has "quite a bit of room" to raise rates.
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Kamis, 27 Januari 2022
Stocks on a roller-coaster ride | GDP leaps 6.9% | Tesla shares sink
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