US equity close: Early optimism crushed by Powell angst

US equities opened higher but with Treasury yields rising and Powell on the agenda tomorrow, the worries crept it. Big cap tech was particularly soft as well.

Aside from Powell, some may be eyeing Kamala Harris’ speech tonight as a risk. The S&P 500 traced an outside day, which is something of a red flag, technically.

• S&P 500 -1.1%
• Nasdaq Comp -1.8%
• DJIA -0.55%
• Russell 2000 -0.8%
• Toronto TSX Comp -0.4%

This article was written by Adam Button at www.forexlive.com.