Wall Street indexes gave up early gains and continued to slide, extending losses since Friday when Federal Reserve Chairman Jerome Powell’s dovish speech on inflation sparked a massive selloff in the market. The Fed chairman used his speech at the Jackson Hole economic symposium to reaffirm that the bank’s top priority is to get inflation […]
Tag: Wall Street
Attempting a bullish reaction on the Wall
Wall Street is trying to react higher on Tuesday after the heavy losses caused by the aggressive speech of the chairman of the Federal Reserve, Jerome Powell on Friday. The Fed chairman’s stark warnings that the central bank will continue its drive to rein in inflation even if it means more pain for businesses and […]
Wall Street locked in a downward trajectory
Wall Street failed to fight back after Friday’s slide, with investors remaining mired in worries about the impact on the economy of the Federal Reserve’s aggressive campaign to tame inflation. Indexes were in free fall on Friday, with the Dow Jones down 1,008.38 points, or 3%, to close at 32,283.40 after Fed Chairman Jerome Powell’s […]
Negative start on the Wall after Friday’s selloff
Wall Street’s indexes started the week on a down note after Friday’s slide that followed Federal Reserve Chairman Jerome Powell’s hawkish remarks on inflation in his speech at the bank’s economic symposium in Jackson Hole, Wyoming. The indexes were in free fall on Friday, with the Dow Jones down 1,008.38 points, or 3%, to close […]
Wall tremors continue from Powell’s speech
Wall Street’s indexes started the week on a down note after Friday’s slide that followed Federal Reserve Chairman Jerome Powell’s hawkish remarks on inflation in his speech at the bank’s economic symposium in Jackson Hole, Wyoming. The indexes were in free fall on Friday, with the Dow Jones down 1,008.38 points, or 3%, to close […]
At a seven-week high, Wall Street’s ‘fear’ index
CBOE’s VIX volatility index, Wall Street’s “fear gauge,” hit a seven-week high on Monday morning as the risk of more aggressive rate hikes from the U.S. Federal Reserve and the European Central Bank grew. The volatility index, or VIX, jumped 7.4 points to 27.46, the highest level since July 14, according to Reuters. Europe’s benchmark, […]
Powell scared the Wall: Dow sell-off 1,000 points, Nasdaq tumbles 4%
The nervous wait with cautious moves was followed by the sell-off on Wall Street, after… Powell spoke. The head of the US central bank indicated during his speech at the economic symposium in Jackson Hole that he is leaning towards aggressive tightening of monetary policy in the future until inflation is brought under control. He […]
Cautious moves on Wall ahead of Powell’s Jackson Hole speech
Wall Street’s main indexes are moving with small fluctuations and mixed signs, in anticipation of the speech of the chairman of the Federal Reserve, Jerome Powell, at the economic symposium in Jackson Hole. At the same time, investors weighed the decline in the personal consumption expenditure index – the Fed’s preferred gauge of inflation – […]
Wall: Extends losses after Powell’s statement on ‘pressure on the economy’
LAST UPDATE: 17.25 Negative signs prevail on Wall Street after Jerome Powell’s speech at the Jackson Hole Economic Symposium, with the Federal Reserve chairman reiterating his commitment to contain inflation, warning that he expects the US central bank to continue to raises interest rates in a way that will cause “pressure” on the country’s economy. […]
Powell’s ‘hawkish’ speech sends Wall into the ‘red’ – Dow down 400 points, Nasdaq sees -2%
LAST UPDATE: 17.45 Wall Street’s main indices are moving in the “red”, after Jerome Powell’s speech at the Jackson Hole Economic Symposium, giving sellers a head start after an initial lull in today’s session. The chairman of the Federal Reserve reiterated his commitment to curbing inflation, warning that he expects the US central bank to […]