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Wall St lower after Powell says mkt volatility won't stop more rate hikes

The Dow Jones Industrial Average fell 14.86 points

Jerome Powell

Jerome Powell testifies before the Senate Banking, Housing and Urban Affairs Committee on his nomination to become chairman of the U.S. Federal Reserve in Washington, US | Photo: Reuters

Wall Street's main indexes opened slightly lower on Tuesday after Federal Reserve Chairman Jerome Powell hinted the central bank would stick to its current path of gradual rate hikes.
The Dow Jones Industrial Average fell 14.86 points, or 0.06 per cent, to 25,694.41. The S&P 500 lost 1.38 points, or 0.049647 per cent, to 2,778.22. The Nasdaq Composite dropped 7.17 points, or 0.1 per cent, to 7,414.30.

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First Published: Feb 27 2018 | 8:52 PM IST

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