Pandemic Over | KMD (Kathmandu) Brands
US markets (S&P 500 Index +0.7%) overcame an immediate low opening to close the day positive. Even so, investors are on edge for the Fed rate rise that arrives on Thursday (NZDT). A 100-basis-points hike will likely unnerve Wall Street. In other news, US President Joe Biden announced that the Covid-19 pandemic was over in the US in an interview with 60 minutes that aired Sunday night. As such, Consumer discretionary (+1.4%) stocks moved higher on the day.