Stock market today: Indexes fall as Powell says the Fed is in no hurry to cut interest rates [Business Insider]
Goldman Sachs Group, Inc. (The) (GS)
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Source: Business Insider
Traders also digested wholesale inflation data, which was in line with expectations. Sign up to get the inside scoop on today's biggest stories in markets, tech, and business — delivered daily. Read preview Indexes ended lower on Thursday, with the election rally fizzling out as traders digested remarks from Federal Reserve Chair Jerome Powell and assessed the latest inflation data. The S&P 500 and Nasdaq fell more than 0.5%, while the Dow Jones Industrial Average lost over 200 points. The 10-year Treasury yield, meanwhile, remained nearly flat at 4.447%, hovering close to its highest level since July. Here's where US indexes stood at the 4:00 p.m. closing bell on Thursday: S&P 500 5,949.17, down Dow Jones Industrial Average 43,750.86, down 0.47% (-207.33 points) Nasdaq composite 19,107.65, down The slide comes after Powell signaled the Fed is in no rush to cut interest rates while the US economy remains on solid footing. "The economy is not sending any signals th
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