1 Minute Stock Market Update - Wednesday, Feb 16, 2022

Here's a 1 minute update on the stock market, summarizing yesterday's events (Tuesday, Feb 16, 2022). S&P 500 up 1.6%, NASDAQ up 2.5%, driven by Russia's announcement that they will not be attacking Ukraine this month or next month. Airbnb reported Q4 earnings 7.8% higher than last year. However, US wholesale inflation was reported at 9.7% and we are likely to see 6 or 7 rate hikes this year, or about 50 basis points.