Published 1 year ago

Wall Street rallies but trade choppy as investors digest Jerome Powell comments

Summary by Ground News

U.S. stocks rallied to a convincingly higher close on Tuesday, but trade was choppy as investors digested comments from Federal Reserve Chair Jerome Powell about how long the central bank may need to tame inflation. Powell said 2023 should be a year of "significant declines in inflation" His comments renewed investor hopes for less aggressive monetary policy.

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Moneycontrol

Wall Street rallies but trade choppy as investors digest Jerome Powell comments

Jerome Powell said 2023 should be a year of

1 year ago·India

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The Economic Times

US stock market: Wall Street rallies but trade choppy as investors digest Powell comments

Most sectors on the S&P 500 ended higher. The energy sector the top gainer as crude prices surged more than 3% on Powell's remarks. The technology and communication services sectors were also among top gainers.

1 year ago

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Business Today

Wall Street rallies but trade choppy as investors digest Powell comments

US Federal Reserve Chair Jerome Powell's comments renewed investor hopes for less aggressive monetary policy that wavered after a strong US jobs report last Friday.

1 year ago·India

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