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Powell comments fuel 1,000-point market rout Friday as stocks slide for a second week

Summary by Ground News

The Dow Jones Industrial Average was down 954 points, or 2.9%, at 32,338, as of 3:45 p.m. Eastern time. The S&P 500 was 3.1% lower, on track for its biggest drop in two months. Jerome Powell said the Fed will likely need to keep interest rates high enough to slow the economy.

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USA Today

Dow shaved over 1,000 points after Jerome Powell's hawkish Jackson Hole speech

The Nasdaq Composite saw the steepest losses on Friday. It closed down by nearly 4%. The S&P 500 and Dow Jones Industrial Average declined sharply

3 years ago·United States

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WCBD

Stocks plunge, Dow falls 1,000 points after Fed chair’s comments

Stocks are ending sharply lower after the head of the Federal Reserve dashed Wall Street’s hopes that it may soon ease up on rate hikes in its effort to tame inflation.

3 years ago·Charleston, United States

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NBC News

Powell comments fuel 1,000-point market rout Friday as stocks slide a second week

The sell-off on Wall Street was broad-based, with just five members of the S&P 500 posting gains on Friday.

3 years ago·United States

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WHBQ

Stocks sink after Fed's Powell says rates will stay high

Stocks are ending sharply lower after the head of the Federal Reserve dashed Wall Street’s hopes that it may soon ease up on rate hikes in its effort to tame inflation

3 years ago

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MarketWatch

Dow posts 1,000-point drop Friday after Powell warns of pain for households, businesses

The Dow skid 1,008 points on Friday, marking its biggest pullback in more than three months, as stocks sold off sharply after Federal Reserve Chairman Jerome...

3 years ago·United States

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