S&P 500 rebounds to close at 4500 level, as investors shrug off geopolitics and hawkish Fed chatter

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  • US equities rose on Thursday, as dip-buying helped shield the major indices from negative geopolitical newsflow and further Fed hawkishness.
  • The S&P 500 rose 0.4% to close at the 4500 level amid big gains in some large US healthcare names.
  • Focus is already turning to next week’s US inflation data and the unofficial start to the Q1 2022 earnings season.

US equities gained across the board on Thursday, with the S&P 500 rebounding from weekly lows in the 4450 area to close bang on the 4500 mark, a gain of 0.4% on the session. The index was propped up by big gains in some of the largest US healthcare names and managed to close back to the north of its 200-Day Moving Average, with traders largely ignoring downbeat news on the geopolitics front.

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