- September 28, 2021
- Posted by: Stratford Team
- Category: Business
Advisor Group chief market strategist Phil Blancato, Kaltbaum Capital Management President Gary Kaltbaum, Cresset Capital founding partner Jack Ablin and Hedge Fund Telemetry energy and materials strategist Tracy Shuchart on oil, today’s markets.
U.S. stock indexes were under pressure Tuesday as Federal Reserve Chairman Jerome Powell is set to voice concerns on inflation after a sharp drop in consumer confidence.
The Dow Jones Industrial Average fell 360 points, or 1.03%, while the S&P 500 index and the Nasdaq Composite index declined 1.44% and 2.03%, respectively.
Ticker Security Last Change Change % I:DJI DOW JONES AVERAGES 34446.88 -422.49 -1.21%SP500 S&P 500 4369.5 -73.61 -1.66%I:COMP NASDAQ COMPOSITE INDEX 14625.781084 -344.19 -2.30%
Powell is set to speak before the Senate Banking Committee later on Tuesday and will say inflation is larger and longer-lasting than anticipated and that the central bank will raise rates, if necessary.