- December 16, 2021
- Posted by: Stratford Team
- Category: Business
The Cow Guy group’s Scott Shellady and Seaport Securities’ Teddy Weisberg discuss movement in the market following Fed chair Jerome Powell’s address.
Late-day selling, driven by large-cap tech, paced the declines on Wall Street Thursday.
The Nasdaq Composite fell 2.5%, while the S&P 500 dropped 0.9% and the Dow Jones Industrial Average bucked the downtrend notching a small gain of 0.08%.
Ticker Security Last Change Change % I:DJI DOW JONES AVERAGES 35897.64 -29.79 -0.08%SP500 S&P 500 4668.67 -41.18 -0.87%I:COMP NASDAQ COMPOSITE INDEX 15180.434862 -385.15 -2.47%
Investors digested the Federal Reserve’s plans to accelerate its pullback of economic stimulus and a jump in weekly jobless claims.
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On Thursday, the Labor Department reported new claims for unemployment benefits for last week rose 206,000, up from the previous week’s tally of 188,000 which was the lowest in 52 years. Continuing claims, which…
