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

  • 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.

The US Senate voted to strip Russia of its “most favoured nation” trading status and the UN general assembly voted to kick Russia out of the human rights council, a day after the US,…

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