"Stock Market Volatility as Fed Chair Powell Considers Back-to-Back Rate Hikes"
TL;DR Summary
The stock market pulled back from its highs as chip stocks, including Nvidia, faced pressure due to potential restrictions on chip exports. Fed Chair Powell's comments on future policy restrictions also influenced investor sentiment. Meanwhile, cruise line stocks, such as Carnival, rallied after positive analyst coverage, while network stock Extreme Networks surged after receiving an outperform rating.
- Stock Market Pulls Back From Day's Highs; Network Stock Jumps On Analyst's Coverage Investor's Business Daily
- Fed's Powell: I won't take two consecutive rate hikes 'off the table' Yahoo Finance
- Fed's Powell on interest rate hikes: More restriction coming because of strong labor market CNBC Television
- Stocks waver with Powell, chip curbs in focus: Stock market news today AOL
- Fed Chair Powell: Not ruling out back-to-back rate hikes CNN
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