Wall Street wobbles to mixed close, Treasury yields inch higher as Jerome Powell concludes testimony

Representative image. The S&P 500 ended an indecisive session with a nominal increase and Treasury yields edged up on Wednesday as a spate of economic data appeared to support Federal Reserve Chairman Jerome Powell’s reassertion, in his second day of congressional testimony, that the central bank would continue to ratchet up policy rates until inflation […]

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SP, Nasdaq weak as manufacturing stokes Fed concerns

The broad-based S&P 500 rose 0.72 percent to 3,998.74, while the tech-heavy Nasdaq Composite Index rose 0.9 percent to 11,497.94. (Representative Image) The S&P 500 and Nasdaq fell for a second straight session on Wednesday as Treasury yields jumped after manufacturing data indicated inflation is likely to remain stubbornly high, while comments from Federal Reserve […]

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