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Rich Asplund

Stocks Modestly Lower Ahead of Fed Chair Powell’s Comments

US Federal Reserve Powell ECB United States Bowman LAGARDE Apple Carnival CVS Dallas Fed

The S&P 500 Index ($SPX) (SPY) today is down by -0.05%, the Dow Jones Industrials Index ($DOWI) (DIA) is down by -0.13%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down by -0.20%.

Stocks today are mildly lower. Hawkish comments today from Fed Governor Bowman pushed T-note yields higher and weighed on stocks when she said core inflation remains "uncomfortably" above the Fed's 2% target, supporting the case for a "measured" approach to lowering interest rates.

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