Stock Market Update
07-May-25 15:00 ET
Reacting to Powell's commentary
Dow +354.56
at 41182.70,
Nasdaq -16.56
at 17673.10,
S&P +19.67
at 5626.58
[BRIEFING.COM] The market trades in whipsaw fashion, moving above and below yesterday's closing levels.
Market participants are reacting to Fed Chair Powell's press conference, where he acknowledged that the "risks of higher unemployment and higher inflation have risen. But they haven't materialized yet."
He also indicated that he believes the cost of waiting for more clarity is fairly low.
