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...The S&P 500 rose 1 per cent as US stocks and Treasuries rallied after US Federal Reserve chair Jay Powell said it was unlikely the Federal Reserve’s next policy move would be an interest rate increase....
...Wall Street’s S&P 500 fell 0.2 per cent, having shed 1.2 per cent and 1.5 per cent on Monday and Friday, respectively. The tech-dominated Nasdaq Composite lost 0.1 per cent....
...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....
...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....
...Tech stocks, which played a leading role in propelling the S&P 500 to a record high in January, fell on Wednesday....
...The S&P 500 and Nasdaq Composite both closed down 0.3 per cent....
...Powell also downplayed the risks that the US’s persistently hot labour market would hinder the inflation fight....
...Stocks have rallied strongly this year, with the blue-chip S&P 500 enjoying its best start to a year since 2019, having risen 10.2 per cent in the first quarter of 2024....
...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....
...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...
...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....
...Thursday’s small gain left the S&P 500 up 10.2 per cent this year, while the Nasdaq Composite has added 9 per cent....
...Equities surged after Fed chair Jay Powell’s speech, with the benchmark index finishing 0.9 per cent higher....
...The benchmark S&P 500 and the tech-heavy Nasdaq Composite each ended 0.3 per cent lower on Wednesday....
...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 most interesting moment of the conference — which was, overall, a monument to stasis — was when a reporter asked if the loosening of financial conditions had contributed to 2024’s strong growth (and...
...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....
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