HomeFinance NewsMarket Reversal Boosts Stakes for Fed Chief Powell Speech in Dow Jones...

Market Reversal Boosts Stakes for Fed Chief Powell Speech in Dow Jones Futures

Published on

The stock market rally attempt took a hit on Thursday as major indexes reversed lower after hitting resistance near the 50-day line. Nvidia, along with other AI stocks such as MRVL, AVGO, ADBE, PLTR, AI, and SMCI, all saw reversals after initial gains. Earnings reports from Marvell Technology, Workday, and Intuit were released after the close, with MRVL beating expectations slightly and seeing a downside reversal in Thursday’s session. Fed Chief Jerome Powell’s much-anticipated speech at the annual Jackson Hole symposium on Friday is expected to provide insights into the future direction of interest rates.

Source link

Latest articles

The Impact of Pressure Washing on Removing Algae from Decks and Patios

Algae on decks and patios isn’t just ugly—it’s dangerous. The green, slippery layer creates...

Junk Removal vs. Dumpster Rental: Which Option is Right for You?

hen you’re tackling a big cleanup—whether it’s decluttering, a renovation, or post-event waste—choosing between...

Top Trends in Swimming Pool Designs for 2025

As we step into 2025, backyard pools are becoming more than just a place...

What Causes Discoloration on Sealed Pavers and How To Fix It?

Sealed pavers enhance your outdoor space while protecting your investment, but discoloration can be...

More like this

The Impact of Pressure Washing on Removing Algae from Decks and Patios

Algae on decks and patios isn’t just ugly—it’s dangerous. The green, slippery layer creates...

Junk Removal vs. Dumpster Rental: Which Option is Right for You?

hen you’re tackling a big cleanup—whether it’s decluttering, a renovation, or post-event waste—choosing between...

Top Trends in Swimming Pool Designs for 2025

As we step into 2025, backyard pools are becoming more than just a place...