Another Body Blow For Stocks as Jay Powell Sends Yields Spiking

Mar 4, 2021 · 43m 56s
Another Body Blow For Stocks as Jay Powell Sends Yields Spiking
Description

Comments from Fed Chair Jerome Powell suggested the central bank would not make any move to cap interest rates, sending yields spiking midday and stocks tanking. The Nasdaq gave up...

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Comments from Fed Chair Jerome Powell suggested the central bank would not make any move to cap interest rates, sending yields spiking midday and stocks tanking. The Nasdaq gave up its gains for the year and went back into a correction. The Chart Master joins to telescope where tech’s going from here. Plus an unlikely pairing -- Jay-Z and Jack Dorsey team up to bring together payments, music, and...blockchain?
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Author CNBC
Organization CNBC
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