{
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investors react to powell's comments as markets decline post election rally

U.S. markets are set to close the week lower as investors react to Fed Chair Jerome Powell's comments, which dampened expectations for a December rate cut. Despite a post-election rally, concerns over inflation and interest rates have overshadowed market enthusiasm, with the S&P 500, Dow, and Nasdaq all declining. Meanwhile, Japan's economy showed signs of recovery with a 0.3% GDP increase, while China's retail sales rose 4.8% in October, despite ongoing real estate challenges.
CNBC
Chinese Yuan Japanese Yen United States Dollar NVIDIA Corporation BlackRock, Inc. USA CHN JPN Jeff Cox Brian Evans Rick Rieder Jerome Powell Sarah Min Show more
Finance & Economy, Market Report
08:30 15.11.2024

investors react to powell's comments as postelection rally loses momentum

U.S. markets declined as Fed Chair Jerome Powell indicated no rush to cut interest rates, dampening post-election enthusiasm. The S&P 500, Dow, and Nasdaq are all set to end the week lower, while Disney's shares surged after strong earnings. Meanwhile, Michael Burry is increasing bets on Chinese internet companies amid ongoing inflation concerns.
CNBC
United States Dollar Disney Burberry Group plc USA GBR CHN Michael Burry Rick Rieder Jerome Powell Show more
Finance & Economy, Market Report
02:11 15.11.2024
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