Stock Market Update
16-Apr-25 15:05 ET
Afternoon decline following Fed Chair comments
Dow -755.56
at 39613.40,
Nasdaq -665.86
at 16157.30,
S&P -147.54
at 5249.09
[BRIEFING.COM] The market remains in a steady decline. The Dow Jones Industrial Average is more than 750 points lower. The S&P 500 is about 150 points lower.
Only one S&P 500 sector sits in positive territory -- energy (+1.1%) -- while ten sectors show declines ranging from 0.3% (real estate) to 5.2% (technology).
The afternoon leg lower coincided with Fed Chair Powell saying the Fed is "well positioned to wait for greater clarity before considering any adjustments in policy stance." When asked if there could be a Fed put, he said, "No."
