Page 5 - Fed Chief News Today

The major U.S. stock indexes moved in opposite directions early in the session on Wednesday and continue to turn in a mixed performance in afternoon trading. While the tech-heavy Nasdaq is adding to yesterday's strong gain, the Dow remains in the red.

Treasuries climbed firmly into positive territory over the course of the trading day on Wednesday, largely offsetting the pullback seen in the previous session. Bond prices gave back ground after an early advance but moved back to the upside as the day progressed.

The major U.S. stock indexes moved in opposite directions early in the session on Wednesday and continue to turn in a mixed performance in afternoon trading. While the tech-heavy Nasdaq is adding to yesterday's strong gain, the Dow remains in the red.

After an early move to the downside, the major U.S. stock indexes have turned mixed over the course of trading on Wednesday. The Nasdaq has bounced well off its early lows and into positive territory, while the Dow remains firmly in the red.

After an early move to the downside, stocks turned in a relatively lackluster performance over the course of the trading session on Wednesday. The major averages bounced back and forth across the unchanged line before closing mixed.

Despite the Fed’s updated dot plot last week signaling that two more rate hikes may be on the cards, market participants are finding it hard to believe it. Fed Chair Powell did not convince them either when he held the press conference following the decision. However, he is being given another opportunity to pass his message this week as he is testifying before Congress on Wednesday and Thursday at 14:00 GMT.

The USD/CAD hit a low of nearly 1.31770 on Friday of last week, this came after highs of nearly 1.33525 were seen on Wednesday of last week.

The crypto market is stronger today on the back of new innovations introduced by certain networks. Global finance is still exerting a level of pressure on the market too.

The greenback, when tracked by the USD Index (DXY), maintains the bid bias well and sound in the 103.60 region at the end of the week. USD Index now l

4:07pm: Disney and Boeing among those hindering the Dow The Dow closed Thursday down 286 points, 0.9%, at 33,128, the Nasdaq Composite fell 59 points, 0.5%,...