US stocks experienced declines on both Tuesday and Wednesday, influenced by Federal Reserve Chair Jerome Powell's remarks, which tempered expectations for interest rate cuts this year. On Tuesday, Powell's comments led to a drop in investor optimism, causing stocks to close lower. This sentiment persisted into Wednesday, further exacerbated by soft earnings reported early in the financial season, resulting in choppy trading conditions. Concurrently, Treasury yields saw a dip from five-month highs, a day after Powell's hawkish stance.
WATCH: US stocks fell in choppy trading on Wednesday as investors assessed the Federal Reserve's interest rate stance and a batch of soft earnings early in the financial reporting season https://t.co/AfJs7343vQ https://t.co/5Gd03UQeR5
US stocks fell in choppy trading on Wednesday as investors assessed the Federal Reserve's interest rate stance and a batch of soft earnings early in the financial reporting season https://t.co/CwF8URFXLu https://t.co/mp6e4aHaqA
Treasuries rebounded a day after Jerome Powell threw cold water on expectations for rate cuts this year https://t.co/7wnbbz41FP
Treasury yields dip from the 5-month highs hit after Powell’s hawkish turn https://t.co/MypKlMLBIg
US stocks closed lower on Tuesday as Fed Chair Jerome Powell dashed investors’ hopes of meaningful interest rate cuts this year https://t.co/KCyv3Rg1tO https://t.co/rmqQpWawRC
US stocks closed lower on Tuesday as Fed Chair Jerome Powell dashed investors’ hopes of meaningful interest rate cuts this year. Read more here: https://t.co/cEPVObvEMU https://t.co/GRS7Abb86V