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With Powell at the forefront, Wall Street begins lower as mega caps fall amid employment data

Ahead of the Federal Reserve Chairman Jerome Powell's remarks and the employment opening data later in the day, more caution was warranted.

admin by admin
July 2, 2024
in Business & Finance
0
With Powell at the forefront, Wall Street begins lower as mega caps fall amid employment data
  • Following a robust day, Wall Street’s major indexes began Tuesday’s trading session lower as mega-cap companies pulled back.
  • At the opening, the Dow Jones Industrial Average (DJI) dropped 61.27 points, or 0.16%, to 39,108.25. At the opening bell, the Nasdaq Composite IXIC fell 71.26 points, or 0.40%, to 17,808.04, while the S&P 500 SPX began down by 13.25 points, or 0.24%, at 5,461.84.
Source: tradingview

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