Powell’s press conference, Federal Reserve meeting: LIVE Updates

U.S. stocks are hovering at record highs

The Federal Reserve maintained ultra-low interest rates and reaffirmed its commitment to other easy monetary policies as the U.S. economy faces down a pair of new threats: surging inflation and rising COVID-19 infections that prompted the CDC to reinstate a select mask mandate.

U.S. stocks ended the session with the Dow Jones Industrial Average falling below the 35,000 level while the S&P 500 ended little changed. The Nasdaq Composite rose helped in part by strong tech results from the likes of Google which hit a fresh record. 

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 34584.88 -166.44 -0.48%
SP500 S&P 500 4432.99 -40.76 -0.91%
I:COMP NASDAQ COMPOSITE INDEX 15043.967518 -137.96 -0.91%

Chairman Jerome Powell's press conference tackled the emerging COVID-19 Delta variant, inflationary trends, and the ongoing debate about the timing of tapering. 

FOX Business' LIVE Blog below, monitored the developments and market reaction. Mobile users click here.