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Stock market today: Dow, S&P 500, Nasdaq slide after Powell dashes rate-cut hopes
Jerome Powell's hawkish comments are casting a pall on markets as the initial optimism for Donald Trump's policies starts to wear off.
Stock Market Today: Stocks extend slide as Powell seeks rate cut patience
Stocks finished lower on Thursday, with another afternoon selloff tied to a jump in Treasury bond yields, this time linked to hawkish comments from Fed Chair Jerome Powell. Speaki
Stock market today: Indexes tumble after Fed comments dent December rate-cut odds
The odds of a 25-basis-point rate cut fell to less than 60% shortly after Powell's comments, down from 80%, as calculated by the CME FedWatch Tool. The probability remained lower, around 58%, on Friday morning.
Stock market today: Dow, S&P 500, Nasdaq slide as Powell says Fed in no 'hurry' on rate cuts
Stocks moved lower after Federal Reserve Chair Jerome Powell said the central bank is in 'no hurry' on rate cuts.
Stock Market Today: Stocks Slip After Powell Talks Rate Cuts
Ahead of the opening bell, the Bureau of Labor Statistics said the Producer Price Index (PPI), which measures what businesses are paying subscribers for goods, increased 0.2% month over month in October. Year over year, the headline PPI was up 2.4% – the quickest pace since July.
Stock market today: Indexes fall as Powell says the Fed is in no hurry to cut interest rates
Indexes slipped as traders zeroed in on remarks from Fed Chair Jerome Powell, who said the central bank is in no hurry to cut rates amid a strong economy.
Futures drop as Powell signals no hurry on rate cuts
In a speech on Thursday, Powell pointed to ongoing economic growth, a solid job market, and inflation above the Fed's 2% target as reasons the central bank can afford to be careful as they determine the pace and scope of rate cuts going forward.
Wall St indexes end lower after Powell erodes hopes for December rate cut
Wall Street's main indexes closed lower on Thursday after Federal Reserve Chair Jerome Powell dampened investors' hopes for another interest rate cut this year by saying the U.S. central bank need not rush to ease monetary policy.
Stock Market News: Dow Drops After Powell Remarks
Dow Drops After Powell Remarks The S&P 500 and Nasdaq also close lower after the Fed chair's speech and the latest PPI data.
Stock Market Today: Dow opens lower as stocks head for losing week
U.S. stock futures pointed to another day of losses Friday as investors absorbed the message of Fed Chair Jerome Powell that ...
Powell Didn't Turn Hawkish
Rising interest rates reflect steady economic growth. See why Powell's approach signals resilience and a possible year-end ...
Stock market today: Indexes mixed as traders digest wholesale inflation and await Powell's remarks
Traders see another rate in December as likely after consumer and wholesale inflation this week were in line with ...
Watch Fed Chair Powell's Speech Here
Federal Reserve Chair Jerome Powell spoke in Dallas Thursday about the economic outlook. You can watch his appearance here. (His remarks start around the 19-minute mark) ...