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U.S. Stock Indexes Fall During Jerome Powell’s Speech

The Nasdaq Composite dropped 1% and the S&P 500 declined 0.6% as the Fed Chair spoke.

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Terms & Concepts
  • Nasdaq Composite: A stock market index that includes more than 2,500 companies listed on the Nasdaq Stock Exchange, with a strong emphasis on technology firms.
  • S&P 500: A stock market index tracking the performance of 500 large companies listed on U.S. exchanges, often used as a benchmark for the overall U.S. equity market.