SPX daily

Fed chairman Jerome Powell signaled a higher terminal top for rates and also said he wasn't worried about overtightening.

That completely reversed the dovish hints in the FOMC statement and led to a brutal selloff in stock markets.

  • S&P 500 down 96 points to 3759, or -2.50%
  • Nasdaq down 3.4%
  • Russell 2000 -2.9%
  • DJIA -1.5%
  • Toronto TSX -0.9%

The daily candle on the S&P 500 isn't pretty.

SPX daily