IBKR stock declined almost 9% due to bearish comments from Federal Chairman Jerome Powell

From Yahoo Finance: 2025-04-17 00:00:00

The stock market took a hit as Federal Chairman Jerome Powell’s bearish comments on US economy and tariff policies drove down major indices. Nasdaq fell 3.07%, S&P 500 dropped 2.24%, and Dow Jones was down 1.73%.

Interactive Brokers Group, Inc. (IBKR) slid 8.95% to $157.90, reflecting investor concerns about muted trading activity. Powell warned of lasting economic damage from Trump’s tariff policies, impacting IBKR and other stocks.

IBKR also reported adjusted earnings per share of $1.88, missing estimates. Despite a 14.6% increase in net income, IBKR ranked 3rd in stock declines. Analysts see more promise in AI stocks for higher returns.

Read more: Why Interactive Brokers Group, Inc. (IBKR) Declined on Wednesday