S&P 500 extends yesterday's decline

S&P 500 extends yesterday's decline
  • S&P 500 down 21 points, or 0.75%, to 2848
  • DJIA -0.95%
  • Nasdaq -0.4%

The market is in a sour mood after Powell. He cited some downside economic risks that should have been obvious and he killed the talk of negative rates.

The drop in stock markets is weighing on the commodity currencies in a classic risk-off fashion.