Pre-Market Report – Friday 15 November: Powell comments take Wall St down | SPI Futures up

Market Updates

US equities closed in the red overnight near session lows following hawkish comments from Fed Chair Powell dampening market hopes for another rate cut this year. The Dow lost 207 points (-0.47%). Up 123 points at best. Down 253 points at worst. The S&P 500 dropped 0.60% and the NASDAQ eased 0.64%. Powell notably said “The economy is not sending signals that the Fed needs to be in a hurry to lower interest rates” reiterating Fedspeak earlier this week calling for patience.
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