After his comments highlighting the strengthening economy roiled financial markets on Tuesday amid concerns the Federal Reserve would raise interest rates at a faster pace, Powell made it clear that gradual rate hikes would allow the economy to continue to expand.
However, with higher inflation comes interest in all three of those. Jobless claims fell to the lowest level since 1969, underscoring a tightening labor market.
What are the main benchmarks doing? The Nikkei in Japan added 1.1 percent, riding the momentum of Monday's United States equity gains. Industrials shares were leading the losses, down 0.9%. The Nasdaq composite fell 127 points, or 1.8 percent, to 7,142.
The Dow gave up 4.3% in February, notching its biggest monthly drop in more than two years and paring its advance over the past 12 months to 20%.
Investors said the markets were also adjusting to Powell, whom President Donald Trump chose to replace Janet Yellen, an appointee of his Democratic predecessor Barack Obama.
The New York Federal Reserve President William Dudley is scheduled to deliver "Remarks on Trade and Globalization" at a Central Bank of Brazil event in Sao Paulo, Brazil at 16:00 GMT.
Photos Of This Top NFL Draft QB Prospect's Girlfriend Are Going Viral
Despite being suspended for the entire 2017 season for the credit card fraud scandal, Callaway still got an invite to Indy. He wasn't able to move well, and more often than not, played with poor bend. "Just my passion for the game of football".
His comments on Tuesday sparked a jump in US bond yields and a drop in USA stocks as investors took his bullish statements about the economy as a signal the Fed would raise rates four times this year, as opposed to the three increases policymakers projected in December.
The dollar meanwhile has taken heart from the Fed chair's comments.
What else could help drive markets?
But the Bank of Japan and European Central Bank could act as counterweights - euro zone inflation for February at 1.2 per cent showed on Wednesday that the ECB's near-2-per cent target remains years away.
The dollar rose to five-week highs on Wednesday on the prospect of tighter monetary policy and an upbeat US economic outlook from the Federal Reserve's new chief, while global equity markets slid on declines by China's Tencent and Celgene Corp.
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She collected two bronzes, in the 10km freestyle and the team sprint with Maiken Caspersen Falla, and a silver in the skiathlon. US snowboarders Chloe Kim , Jamie Anderson, Shaun White and Red Gerard dominated the podium with gold-medal wins all around.
Stocks globally snapped a record 15-month winning streak, pulled lower by Chinese conglomerate Tencent Holdings because of its large stake in Singapore-based Sea Ltd, an online gaming and e-commerce firm, and Celgene. Also at 10 a.m.
Overstock.com dropped 5.5 percent after the online retailer disclosed in a regulatory filing that the Securities and Exchange Commission asked the company last month for information about a $250 million offering by its blockchain subsidiary, tZero, related to digital tokens. A reading of at least 50 indicates improving conditions.
The Conference Board U.S. Consumer Confidence Index increased in February, following a modest increase in January.
The benchmark S&P 500 .SPX shed its gains during his testimony and ended the day down 1.3 percent.
Which stocks look like key movers?
Asian shares were mostly lower Thursday as sentiments got dragged down by a slide on Wall Street.
TV stars celebrating colour festival Holi
Moreover, tourists from all over the world click to India every year to witness this unbelievable experience of a festival. Enjoying Indian festival snacks and drinks and playing with organic colors and less water can be best ever celebrations.
Toronto-Dominion Bank also rallied after reporting quarterly earnings that beat market expectations.
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