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Page 171 - கூட்டாட்சியின் இருப்பு தலைவர் ஜெரோம் போவல் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stocks climb on Powell s reassurance; dollar falls

Stocks climbed as Federal Reserve Chairman Jerome Powell said the central bank has the tools to curb any inflation pressures, which are expected to be temporary as the economy reopens. The S&P 500 notched a fresh record amid slow trading. Volume on U.S. exchanges remained under 10 billion shares, hitting another low for the year. The Nasdaq 100 outperformed major equity benchmarks as giants such as Apple Inc. and Tesla Inc. rallied. Energy producers and banks retreated. Treasuries rose, while the dollar fell. One day after the Fed’s March minutes struck a dovish tone for the path of monetary policy, Powell said the central bank would react if inflation expectations started “moving persistently and materially” above levels officials are comfortable with. He also noted that disparate efforts to vaccinate people globally is a risk to progress for the economic rebound, which remains “uneven and incomplete.”

Market Snapshot: S&P 500 futures aim for 19th record of 2021 as investors await jobless claims

Market Snapshot: S&P 500 futures aim for 19th record of 2021 as investors await jobless claims The S&P 500 index looks on track to take a run at another record on Thursday, with technology shares set to help in that campaign, while the Dow was flat, ahead of comments from Federal Reserve Chairman Jerome Powell and weekly data on unemployment benefits. Market Summary Retirement Intelligence Risk Disclaimer - By using this web site you agree to its terms and conditions. All materials, including but not limited to articles, directories, photos, lists, etc., on this website are the sole property of ForexTV or the respective copyright holders and are intended for informational/educational purposes using hypothetical and sometimes anecdotal illustrations. The unauthorized use of any and all materials is prohibited and restricted by copyright law. Any use of materials on this site must be approved in advance by ForexTV.

Gold Futures Settle At 6-week High

Gold Futures Settle At 6-week High WASHINGTON (dpa-AFX) - Gold prices moved higher on Thursday and lifted the most active gold futures contract to a six-week high, thanks to a weak dollar and on expectations inflation will rise in coming months. The Federal Reserve Chairman Jerome Powell s comments that the bank would like to see actual evidence of economic growth before considering any policy tightening. He also reiterated expectations that an anticipated rise in inflation this year would be temporary. The dollar index drifted down to 92.00, losing more than 0.5%. The index was last seen at 92.07, down by about 0.4%. The drop in the yield from U.S. 10-year Treasury Note contributed as well to gold s uptick.

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