On Wednesday U.S stocks dropped following the Federal Reserve official hint regarding rates. He stated that interest rates may not be cut.
Jerome Powell Fed's Chairman stated in a conference that newly weak inflationary tensions may only be “transitory”. S&P 500 retraced back to 2,923.70 following scoring an all-time high.
The Dow Jones Industrial Average fell more than 160 points to 26,430.13 The NASDAQ Composite dipped 0.6% to 8,049.63.
New round of talks between U.S and China
Daily Analysis - 02/05/2019