Reported 9 days ago
In the latest market developments, stocks reacted to Federal Reserve Chair Jerome Powell's comments, indicating no rush to lower interest rates, which raised uncertainty about future Fed rate cuts amid the new presidential administration. Additionally, market movements were influenced by President-elect Trump's appointments, including Elon Musk and Vivek Ramaswamy in government roles, and Robert F. Kennedy Jr. as Secretary of Health and Human Services, leading to declines in government contractor and healthcare stocks.
Source: YAHOO