Stocks close lower in choppy session following Powell's Senate testimony
Wednesday, 27 February 2019 04:40 WIB | MARKET UPDATE | Standard & Poor's 500Saham AS

U.S. stocks closed lower Tuesday after weaving in and out of positive territory all session following Federal Reserve Chairman Jerome Powell™s congressional testimony, during which he reiterated the central bank™s wait-and-see approach. The Fed boss™s comments come as some economic data have pointed to slower U.S. economic growth, even as a reading for confidence shot higher.

The Dow Jones Industrial Average fell 33.97 points to 26,057.98, the S&P 500 index shed 2.62 points to 2,793.49, and the Nasdaq Composite Index dropped 5.16 points to 7,549.30.

Source: Marketwatch


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