Overview
Today's U.S. stock market saw investors navigating mixed economic signals and bracing for a pivotal speech by Fed Chair Jerome Powell, amidst concerns about interest rate policy direction.
| Nasdaq Composite | S&P 500 |
| Dow Jones Industrial Average | 1 South Korean won equals |
Major News Story
Mixed economic data affected market sentiment, with stronger-than-expected jobless claims and a high manufacturing PMI suggesting inflation pressures remain a concern. Fed officials expressed caution about rate cuts, adding to market volatility.
Tomorrow's Economic Indicators
| Time | Event |
|---|---|
| 02:00 AM | U.S. Baker Hughes Rig Count |
| 11:00 PM | Speech by Fed Chair Jerome Powell |
General Opinion
Market participants are cautious, anticipating Fed Chair Powell's speech, which could signal shifts in monetary policy. The distinct decline in technology stocks is viewed as a necessary correction amidst an overall positive long-term trend.
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