Read more
4:15 PM · 24 February 2021

Dow and S&P 500 rebound on Powell comments

-
-
Open account Download free app

The Dow Jones and the S&P 500 erased early losses and are trading higher after Fed Chair Powell reaffirmed that the economy needs support during his semiannual testimony before Congress. Bond buying will continue at its current pace until FED sees the actual data moving closer to inflation and  employment goals. Powell said that there is a lot of slack in the labor market and there is a long way to go to maximum employment. 

Today's comments from Powell did not provide any new news regarding the Fed's further policy, but did lead to a rebound in the stock market. Today, investors' attention is focused on rising US bond yields. Yields are rising even though the Fed reiterates that the current policy will not change for a long time.

US30 moved sharply higher during Powell's testimony and is currently testing its all-time high at 31664 pts. Source:xStation5

24 March 2026, 3:41 PM

📈 US500 attempts a rebound

24 March 2026, 2:39 PM

Wall Street under pressure again 📉IT stocks fall, oil & gas sector surge

24 March 2026, 2:17 PM

Mixed US PMI data 🗽EURUSD gains

24 March 2026, 11:48 AM

🚩Nasdaq loses again as oil and treasuries yields rebound

Join over 2 000 000 XTB Group Clients from around the world
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits