A television station on the floor of the New York Stock Exchange broadcasts Jerome Powell, chairman of the U.S. Federal Reserve, speaking after a Federal Open Market Committee meeting on Dec. 18, 2024.
If we adopt an objective eye, the major U.S. benchmarks didn't change much during Thursday's trading session. But when seen against the context of Wednesday's market rout, the direction of those shifts also gives an indication, however faint, of the narrative animating the markets. It's kind of a mixed bag. Should investors continue treading with caution because of the downward trend? Or should they see the Dow's breakthrough as a glimmer of light at the end of the tunnel?
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