mfox@businessinsider.com (Matthew Fox) / Insider
Nasdaq soars 4% on combination of mega-cap tech earnings and Feds 75-basis-point rate hike comments – Another unusually large [interest rate] increase will depend on the data, Federal Reserve Chairman Jerome Powell said.Fed Chair Jerome PowellFederal Reserve Chair Jerome Powell. Win McNamee/Getty Images US stocks soared on Wednesday, with the Nasdaq up more than 4% after the Federal Reserve moved forward with another 75-basis-point interest rate …
