The Latest Breaking News from Powell

Preliminary data from the Bureau of Labor Statistics shows job growth was lower than previously estimated.

The S&P 500 ($SPX) (SPY) had a phenomenal week last week ending up 4.00%. This week is a lot quieter on both the news and earnings front until the end of the week.

The S&P 500 Index ($SPX ) (SPY ) today is up +0.77%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.39%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.68%. US stocks today are moderately higher, with the S&P 500 and Nasdaq 100 posting...

The S&P 500 Index ($SPX ) (SPY ) Wednesday closed up +1.58%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.24%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +3.01%. US stocks rallied Wednesday, with the S&P 500 and Nasdaq 100 posting 1-week highs...

The dollar index (DXY00 ) Wednesday fell by -0.50% and posted a 1-1/2 week low. The dollar retreated Wednesday as the yen soared to a 4-1/2 month high against the dollar after the BOJ unexpectedly raised its benchmark interest rate. The dollar was also under pressure from a sharp rally...

Today's Federal Reserve policy statement will likely set the stage for a rate-cut pivot, but the pace of easing may be more gradual than markets expect.

This week earnings are in full swing, we have some additional economic data and Powell is speaking again.

The S&P 500 Index ($SPX ) (SPY ) Monday closed up +0.28%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.53%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.27%. Stock indexes rallied Monday, with the S&P 500 and Dow Jones Industrials posting new...

The dollar index (DXY00 ) Monday recovered from a 5-week low and finished up by +0.12%. Higher T-note yields on Monday supported the dollar. The dollar also has support from increased safe-haven demand after the attempted assassination of former president Donald Trump on Saturday. Monday’s strength in stocks reduced liquidity...