Stocks opened slightly lower Wednesday, showing a weaker tone ahead of congressional testimony from Federal Reserve Chairman Jerome Powell. The Dow Jones Industrial Average DJIA, -0.15% was off 73 pitns, or 0.3%, at 27,619, while the S&P 500 SPX, -0.22% was off 0.3% at 3,082. The Nasdaq Composite COMP, -0.32% declined 0.3% to 8,458.
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Powell speaks, inflation gauge, Cisco earnings: 3 things to watch for in the markets on WednesdayWe'll get a speech from Federal Reserve Chair Jerome Powell, October's Consumer Price Index data and Cisco earnings on Wednesday. Our mission at is to build the social news network that ends fake news. Follow us Overlooked_Inc
Source: CNBC - 🏆 12. / 72 Read more »
Trump rails on Fed, says market and economy would be doing even better without Powell mistakes'If we had a Federal Reserve that worked with us, you could have added another 25%' to the stock market' since the 2016 election, Trump says. True This is the guy who declared bankruptcy on 3 casinos, dumps on the FED and can't find an Econmicpolicy that makes any sense. Why would anyone listen to this GARBAGEECONOMICS ? When in the speech does Fat Donnie mention the record deficits he's running up to pay for all his greatness. He's leaving the tab for the next administration to clean up. Usual GOP move.
Source: CNBC - 🏆 12. / 72 Read more »
Fed's Powell says interest rates unlikely to change as long as growth continuesPowell reiterated a stance he outlined a few weeks ago that the Fed's moves this year toward more accommodative monetary policy have helped support an economy that continues to grow. what growth ? Powell is such a disaster. Poor Jerome....45s whipping boy...maybe he was responsible for the Ukraine call?
Source: CNBC - 🏆 12. / 72 Read more »