Tech stocks have led the losses this afternoon as investors reassess the outlook for Fed policy following Powell's speech, says Chris Beauchamp, Chief Market Analyst at online trading platform IG. Stocks retreat after Powell comments A week of indecision for stock markets is ending on a weaker note following Jerome Powell’s unexpected dialling back of dovish rhetoric.
stalls A three-day bounce for the is running out of steam, thanks in large part to index heavyweight GSK, which has fallen as investors fret about a much tougher period ahead for pharma stocks now that Trump’s pick for health secretary has been announced. Gains in continental Europe have stalled too, as the poor session in the US stymies bullish sentiment.
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