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Extending Lower As Fed Chair Powell Discusses Labor

US STOCKS

Stocks extend session lows as Fed Chairman Powell touches upon jobs market in press Conference:
"Job gains have been robust with employment rising by an average of 272,000 jobs per month over the last three months. Although job vacancies have moved below their highs and the pace of job gains slowed from earlier in the year, the labor market continues to be out of balance with demands substantially exceeding the supply of available workers."
Current markets:

  • - DJIA down 325.57 points (-0.95%) at 33780.93
  • - S&P E-Mini Future down 47 points (-1.16%) at 4009
  • - Nasdaq down 162.5 points (-1.4%) at 11094.84

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