Stocks dipped slightly on Monday, with the Dow Jones down 208 points, the S&P 500 flat, and the Nasdaq up 0.3% after hitting record highs last week. Federal Reserve Chair Jerome Powell’s speech hinted at lower interest rates, sparking a rally in stocks as investors anticipate increased future cash flows and reduced bond yields.
Read more at Barron’s: Stocks Pull Back After Powell Speech Rallied the Dow to a New High
