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 | 38239.66 | +153.86 | +0.40% |
SP500 | S&P 500 | 5099.96 | +51.54 | +1.02% |
I:COMP | NASDAQ COMPOSITE INDEX | 15927.900321 | +316.14 | +2.03% |
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.