Business
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.
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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