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Wall Street falls after Powell's comments on strengthening economy

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Reuters

(Reuters) - Wall Street's main indexes fell on Tuesday as U.S. bond yields rose after new Fed Chairman Jerome Powell said that data has pointed to a strengthening economy since December, increasing his confidence that inflation would rise.

The Dow Jones Industrial Average fell 32.92 points, or 0.13 percent, to 25,676.35. The S&P 500 lost 7.31 points, or 0.262987 percent, to 2,772.29. The Nasdaq Composite dropped 31.42 points, or 0.42 percent, to 7,390.05.

(Reporting by Sruthi Shankar in Bengaluru; Editing by Anil D'Silva)

 

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First Published: Feb 27 2018 | 9:41 PM IST

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