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Nasdaq falls, stocks prepare for Fed Chair Powell's comments

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Nasdaq Composite News

Jerome Powell,Julie Hyman,Negative Territory

All three of the US major averages (^DJI, ^IXIC, ^GSPC) clocked out of Thursday's session in negative territory, the Nasdaq Composite even falling by 1.67%. ...

, the Nasdaq Composite even falling by 1.67%. Markets and investors alike are evidently bracing for Federal Reserve Chair Jerome Powell's speech from the Jackson Hole Economic Symposium tomorrow morning.So we have a sell off here happening for the major averages taking the dow down by about 100 and 77 points.The S and be in the NASA actually having their worst day since the big jobs support induced sell off back on August 5th.No big catalyst to send things lower today.

The Russell 2000 though, is falling pretty much in line with the S and P 500 guess what volatility is ticking back up as well as we see this selling.That's right, Julie, it was only yesterday that I was noting that volatility actually bottomed a few days ago and it's been trending up even though on Wednesday or excuse me, Tuesday and Wednesday, we also had stocks largely up as well.

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