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Dow edges up on Powell’s optimism – The Australian Financial Review

The Federal Reserve chairman struck a dovish tone, reinforcing that the central bank is in no rush to lift interest rates.

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ASX futures were down 33 points or 0.5 per cent to 6766 near 8am AEDT, paring earlier losses almost in half. The currency slipped; the yield on the US 10-year note slid 3 basis points to 1.12 per cent.
In New York, stocks ended mixed. Unofficially, the Dow Jones Industrial Average rose 63 points, or 0.2 per cent, to 31,438.4, the S&P 500 lost 1.3 points, or 0.03 per cent, to 3909.92 and the Nasdaq Composite dropped 35 points, or 0.3 per cent, to 13,972.53.
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