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Barchart
Rich Asplund

Stocks Pressured as Fed Chair Powell Downplays Further Rate Cuts

Powell Donald Trump United States Nasdaq SP US Federal Reserve China Nvidia Xi Jinping US Supreme Court

The S&P 500 Index ($SPX) (SPY) on Wednesday closed unchanged, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.16%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up by +0.41%.  December E-mini S&P futures (ESZ25) fell -0.06%, and December E-mini Nasdaq futures (NQZ25) rose +0.37%.

US stock indexes gave up an early advance on Wednesday and settled mixed.  Stocks fell back from their best levels on Wednesday after T-note yields jumped when Fed Chair Powell downplayed the prospect of further interest rate cuts this year. 

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