Treasury rates increase and stocks fall after Powell says the Fed will “carefully” consider its options: current stock market news
Thursday afternoon saw a decline in stocks as investors processed Federal Reserve Chair Jerome Powell’s speech and Treasury rates continued to rise. The S&P 500 (^GSPC) dropped about 0.9%, the Nasdaq Composite (^IXIC) led the losses with a drop of nearly 1%, and the Dow Jones Industrial Average (^DJI) was down roughly 0.75%. For the … Read more