Market Report - US Close

US close: Stocks finished mixed after Powell urges patience on rate cuts

By Benjamin Chiou

Date: Tuesday 16 Apr 2024

(Sharecast News) - US stocks finished mixed on Tuesday after bond yields climbed on the back of comments from Federal Reserve chair Jerome Powell, who said the central bank needed more confidence that inflation was on a downward trend before cutting interest rates.
The Dow snapped a five-day losing streak to...

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