Indices traded on the New York Stock Exchange closed lower amid investor concerns, with the S&P 500 index down 0.28% to 6,637.98 points, while the Nasdaq index fell 0.34% to 22,497.86 points.637.98 points, while the Nasdaq index fell 0.34% to 22,497.86 points.
Investors continued to carefully evaluate yesterday's statements, especially those of US Federal Reserve (Fed) Chairman Jerome Powell. Powell's speech at the event, in which he emphasized that short-term risks to inflation were on the upside, while risks to employment were on the downside, was met with a lot of interest by investors. This increased investors' sense of uncertainty in the markets, leading to a negative impact on stock trading.
After Powell's remarks, investors turned their attention to important US economic data to be released tomorrow and Friday. "The risks on both sides mean that there is no risk-free path," the Fed chief said, highlighting the complexity of the current economic situation.
It remains to be seen how this pessimistic mood in the markets will take shape in the light of the economic data to be released in the coming days. Investors are scrutinizing economic figures and Powell's possible future moves, while reviewing their preparedness strategies for possible volatility.
In short, the drop in the New York stock market reflects investor concerns about how the Fed will respond to uncertainty over inflation and employment. Economic data to be released in the coming days will be critical in helping to resolve this uncertainty.
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New York Stock Exchange