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Stocks end at lows after rally fizzles on Powell’s less dovish comments


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Stocks take another run down after the press conference ends

The stocks gave up ground as soon as Powell said that inflation influences may be transient. He completed his press conference, and gave up more ground into the close.  
The major indices are closing at the lows of the day. For the S&P, it made new all time highs and reversed lower which is not all that great for those analyzing the price action..
The final numbers are showing:

  • S&P fell -22.10 points or -0.75% at 2923.73
  • Nasdaq fell -45.74 points or -0.57% at 8049.64
  • Dow fell -162.77 points or -0.61% at 26430.14

Some winners 

  • Apple, +4.91%
  • Netflix, +2.23%
  • Alibaba, +2.04%
  • Celegene, +0.38%
  • Qualcomm, was 0.28%

Losers on the day:

  • Schlumberger, -3.09%
  • AMD, -2.97%
  • Intuit, -2.87%
  • Home Depot, -2.42%
  • Mastercard, -2.18%
  • Alphabet, -2.14%

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