Market Report - US Close

US close: Stocks drop on Powell comments, chip sector fears

By Benjamin Chiou

Date: Wednesday 16 Apr 2025

(Sharecast News) - US stocks fell sharply on Wednesday on the back of bearish comments from the head of the Federal Reserve and renewed trade concerns weighing on the chip sector.
Fed chair Jerome Powell said in a speech at the Economic Club of Chicago that policymakers would need to "wait...

Sign up for free or to read the full story

Email this article to a friend

or share it with one of these popular networks:


Article Archive

Top of Page