Tag: Truist Financial

Stocks Sink After Being Yanked by Powell Comments
Money

Stocks Sink After Being Yanked by Powell Comments

Stocks ultimately sank Thursday after being whipsawed by remarks from Federal Reserve Chair Jerome Powell.Powell’s comments jostled markets as investors were weighing bond yields’ ascent toward 5%, the continuing conflict between Israel and Hamas, and the influx of corporate earnings results from the third quarter. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8