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...Wall Street’s benchmark S&P was up 0.6 per cent shortly after the opening bell in New York, while the tech-heavy Nasdaq Composite gained 0.7 per cent....
...Tech stocks, which played a leading role in propelling the S&P 500 to a record high in January, fell on Wednesday....
...The blue-chip S&P 500 was up 0.5 per cent in mid-afternoon trade, while the tech-heavy Nasdaq Composite was up 0.7 per cent....
...US stocks staged a broad rally as Federal Reserve chair Jay Powell said the central bank is ‘not far’ from gaining the confidence to lower interest rates....
...US stocks fell in early trading on Monday as markets opened for the first time since Federal Reserve chair Jay Powell pushed back against hopes for rapid interest rate cuts in an interview on CBS’s 60 Minutes...
...In stock markets, the S&P 500 was down 0.1 per cent. The moves came after Powell said in a pre-recorded interview on Sunday that rate-setters still expect to make three quarter-point cuts in 2024....
...Jay Powell handed US stocks their biggest one-day drop in more than four months, as the Federal Reserve chair said the central bank was unlikely to loosen monetary policy in March....
...Stocks and bonds were both higher on Thursday, with the S&P 500 up 1.2 per cent while yields on rate-sensitive two-year Treasuries hovered around three-week lows at 4.52 per cent....
...US stocks were back in record territory, buoyed by comments from Jay Powell that the Federal Reserve was “not far” from having the confidence to begin easing monetary policy....
...The S&P 500 gained 1 per cent to reach its 16th record high of 2024, with all sectors of the index closing higher. The Nasdaq Composite rose 1.5 per cent....
...The S&P 500 stood almost 1.4 per cent higher as Powell spoke, on track for its biggest jump in a month, having been flat before the Fed’s initial announcement....
...Wall Street’s S&P 500 gained 0.2 per cent....
...Stocks fell after Powell’s comments, with the S&P 500 ending the day down 1.6 per cent, its worst day in four months, and the Nasdaq Composite down 2.2 per cent, its worst day in three months....
...The S&P 500 was up 0.4 per cent by mid-afternoon at 4,588. Earlier it reached 4,599.39, passing its previous July closing peak for the year....
...The Federal Reserve’s rate-setters still expect to make about three quarter-point rate cuts this year, its chair Jay Powell said in an interview that aired last night....
...This month rating agency S&P Global downgraded Ecuador’s outlook to negative from stable, arguing the crime wave could hit reforms....
...The benchmark S&P 500 was up 0.7 per cent shortly after the opening bell in New York, while the tech-heavy Nasdaq Composite gained 1 per cent....
...Wall Street’s benchmark S&P 500 and the tech-heavy Nasdaq Composite both added less than 0.1 per cent in early New York trade....
...The S&P 500 ended the day down 0.8 per cent, while the Nasdaq Composite fell nearly 1 per cent....
...The benchmark S&P 500 ended the day down 0.8 per cent, while the tech-heavy Nasdaq Composite fell nearly 1 per cent....
...US stocks rose sharply at the beginning of Powell’s speech, with the benchmark S&P 500 0.5 per cent higher in lunchtime trade....
...The S&P 500 closed at a 20-month high, and Treasury yields fell to five- month lows, after cautious commentary by Federal Reserve chair Jay Powell failed to deter investor hopes of interest rate cuts....
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