US Stocks Fall Amid Powell’s Warning on Inflation and Trade
US equities plummeted Wednesday as Federal Reserve Chair Jerome Powell warned that trade tensions could fuel inflation, spurring a sell-off across Wall Street. The S&P 500 Index dropped by 3.3% before settling at a 2.2% decline in New York, while the Nasdaq 100 Index fell 3%. The losses were widespread, with nearly 90% of S&P … Read more