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ASX set to open lower as Wall Street falls despite Yellen, Powell optimism – Sydney Morning Herald
Optimism about the economic recovery by Federal Reserve chair Jerome Powell and Treasury Secretary Janet Yellen was unable to halt a decline in technology shares…
The S&P 500 closed lower on Wednesday (US time) as optimism about the economic recovery by Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen was unable to halt a decline in technology shares for a second straight day.
The remarks by the top two US economic officials mirrored what they told Congress the day before, with Powell saying on Wednesday the most likely case is 2021 will be a very, very strong year.
Wall Street is higher on a choppy day of trade on Wednesday. Credit:AP
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