The Fed is about to wind down its emergency economic stimulus, Jerome Powell hints

Federal Reserve Chairman Jerome Powell Friday had some cautiously hawkish words for investors and economists who were hoping on clarity about the central bank's future policy decisions.

News: What you need to know about the markets     The Fed is about to wind down its emergency economic stimulus, Jerome Powell hints Federal Reserve Chairman Jerome Powell Friday had some cautiously hawkish words for investors and economists who were hoping on clarity about the central bank's future policy decisions. Read more »   Tesla files to sell electricity in Texas Tesla wants to do more than sell you an electric car. It wants to start selling electricity itself -- at least to some people in Texas. Read more »   'No one has money.' Under Taliban rule, Afghanistan's banking system is imploding The Taliban's rule of Afghanistan faces an imminent threat: The war-torn nation's banking system is on the verge of collapse. Read more »   Manchester United stock soars on return of Ronaldo Who says you can't go home again? Read more »   Flying on Southwest has been awful. The company has a fix: Fewer flights This summer, flying Southwest Airlines has been a toxic mix of canceled flights, long delays and disgruntled pilots and flight attendants. Apologizing to its passengers for its bad service, the company is promising to fix the problem by cutting the number of flights it operates this fall. Read more »   Kanye West's Yeezy jacket is a huge hit for Gap The Gap's remarkable turnaround under CEO Sonia Syngal is continuing, thanks in part to Kanye West, TikTok and Simone Biles. Read more »

Dow Nasdaq S&P +242.68   +183.69   +39.37 35,455.80   15,129.50   4,509.37 +0.69%   +1.23%   +0.88% YTD +15.84%   YTD +17.39%   YTD +20.06%

Biggest Winners Occidental Petroleum Corp +6.92%   Cabot Oil & Gas Corp +6.25%   Freeport-McMoRan Inc +5.88%   Nov Inc +4.90% Biggest Losers Autozone Inc -2.54%   Advance Auto Parts Inc -2.39%   Entergy Corp -1.75%   Pfizer Inc -1.65%

Hottest ETF NYSE Market Volume

Key Market Stats Latest Today's Change Oil $68.65 -0.09 / -0.13% Gold $1,820.80 +1.30 / +0.07% 10-yr 1.31% -0.03 Euro $1.18 +0.00 / +0.36%

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