Today's market sees a pullback, chiefly influenced by comments from Fed Chairman Jerome Powell regarding persistent high long-term interest rates. Powell highlighted potential 'more frequent, and potentially more persistent, supply shocks,' creating unease among traders. This sentiment shift comes after the S&P 500's impressive recovery of 18% over the last 25 trading days. Despite the current declines in major indices like the Dow Jones and Nasdaq, the market had recently shown positive momentum, with Apple also marking a noteworthy dividend payment today.
Markets are feeling pressure after Fed Chairman Jerome Powell's remarks signal that elevated long-term interest rates may persist, impacting overall market sentiment.
Today's trades reveal a pullback in the S&P 500 after a strong rally, as traders respond to concerns over monetary policy and supply shocks.
Collection
[
|
...
]