managed a small gain for its third straight positive session. But the 30-stock average remained in a steep correction as defined by a decline of 10% or more from its most recent high.Win Mcnamee | Getty Images
Federal Reserve Chairman Jerome Powell speaks at a news conference following a Federal Open Market Committee meeting on May 04, 2022 in Washington, DC. Powell announced the Federal Reserve is raising interest rates by a half-percentage point to combat record high inflation.
LOL.