From Zacks Investment Research: 2025-04-16 20:18:00

On Wednesday, major market indexes closed lower, with the Dow down 699 points, S&P 500 down 120 points, Nasdaq down 516 points, and Russell 2000 down 19 points. The Nasdaq saw larger losses due to NVIDIA halting chip sales to China. Fed Chair Powell warned of high uncertainty, potential high inflation, and unemployment, with slow growth and high inflation being top concerns. Powell stated the Fed may face tough decisions on interest rates and mentioned U.S. debt being on an unsustainable path. He also emphasized that relying on a Fed “put” to rescue the economy is not a viable option at this time.



Read more at Zacks Investment Research: Markets Drop Again on Fed Chair Powell’s Assessment – April 16, 2025