US, European shares climb on hopes Fed will slow rate hike pace


Source: rappler.com rappler.com

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STOCKS. Traders work on the floor of the New York Stock Exchange in New York City, October 7, 2022. The Dow Jones Industrial Average rises 1.34%, the S&P 500 gains 1.19%, and the Nasdaq Composite adds 0.86% on Monday, October 24 US shares extended last week’s rally and European shares climbed on Monday, October 24, as signs of a cooling US economy stoked hopes that the Federal Reserve will slow its pace of rate hikes. The Dow Jones Industrial Average rose 1.34%, the S&P 500 gained 1.19%, and the Nasdaq Composite added 0.86%. The tech-heavy Nasdaq recovered after taking a...