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US STOCKS: Late Equities Update: Off Lows

US STOCKS
USEquitiesBulletMarketsFixed Income BulletsForeign Exchange BulletsNorth America
  • Stocks remain weaker as Fed Chairman Powell continues to read prepared statement.
  • Indexes bounced off lows after Chairman Powell said "the Labor Market is not a source of significant inflationary pressures. Inflation is eased significantly over the past two years, but remains somewhat elevated relative to our 2% longer-run goal."
  • Tech stocks continue to weigh on major averages while Consumer Staples, Utilities and Financial stocks outperform. Currently:
    • DJIA down 236.44 points (-0.53%) at 44693.54
    • S&P E-Mini Future down 51 points (-0.84%) at 6051.25
    • Nasdaq down 235.9 points (-1.2%) at 19500.08
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  • Stocks remain weaker as Fed Chairman Powell continues to read prepared statement.
  • Indexes bounced off lows after Chairman Powell said "the Labor Market is not a source of significant inflationary pressures. Inflation is eased significantly over the past two years, but remains somewhat elevated relative to our 2% longer-run goal."
  • Tech stocks continue to weigh on major averages while Consumer Staples, Utilities and Financial stocks outperform. Currently:
    • DJIA down 236.44 points (-0.53%) at 44693.54
    • S&P E-Mini Future down 51 points (-0.84%) at 6051.25
    • Nasdaq down 235.9 points (-1.2%) at 19500.08