Wall Street slipped substantially Thursday, the Dow shedding 207 points as the post-election buzz continued to fade. The Nasdaq also lost triple digits as well, its third-straight loss, while the S&P 500 and small-cap Russell 2000 Index (RUT) both fell as well. Wall Street churned as investors weighed October’s , but stocks turned to their session lows following comments from Federal Reserve Chair Jerome Powell.Specifically, Powell said in remarks for a speech to business leaders in Dallas that strong U.S. growth “is not sending signals that we need to be in a hurry to lower interest rates” and they have “the ability to approach our decision carefully.
OIL MOVES HIGHER; GOLD PRICES HIT 2-MONTH LOWS
Oil futures broke higher for a third-straight day. For the session, December-dated West Texas Intermediate (WTI) crude added 27 cents, or 0.4%, to settle at $68.70 a barrel.Gold prices slumped to two-month lows, weighed down by a strong dollar. At last check, gold futures are 0.5% lower to trade at $2,572.90.More By This Author:
Dow, Nasdaq Shed Triple Digits After Fed Comments
