There have been drastic changes in the currency market in Armenia during the last few days.
U.S. stocks closed lower after Powell’s comments
U.S. stocks closed lower, snapping the longest winning streaks for the Nasdaq and S&P 500 in two years, as Treasury yields climbed after a disappointing auction of 30-year bonds and comments from Federal Reserve Chair Jerome Powell.
Powell said central bank officials “are not confident” interest rates are high enough to tame inflation.
As a result Indexes ended down: Dow 0.68%, S&P 500 0.81%, Nasdaq 0.94%.
Stocks had moved slightly lower prior to Powell’s comments as yields climbed after a weak auction of $24 billion in 30-year Treasuries with demand for the debt at 2.24 times the bonds on sale.
This page was last updated 10.11.2023 09:00