Thursday’s S&P 500 Declines Inch as Traders get Ready for Powell’s Major Speech and Treasury Yields Increase

As investors braced themselves for expected remarks later this week from Federal Reserve Chair Jerome Powell, the S&P 500 gave up some territory on Thursday following a recent surge.

The broad index fell 0.2%, moving away from trading near the all-time intraday high that was reached in July.

Both the Nasdaq Composite and the Dow Jones Industrial Average had losses of 0.5% and 32 8 points, respectively.

Source (CNBC)