Markets are selling off after Powell said six words investors don’t want to hear: ‘Equity prices are | NYGazet

The Fed chairman warned that stocks are “highly valued.” U.S. stocks dropped, with tech leading losses on skepticism over Nvidia’s $100 billion OpenAI deal.

The S&P 500 lost 0.55% on the day. Markets in the U.K. and Europe are all down this morning. The picture is mixed: Asia largely had a good day and U.S. futures are marginally up, so it’s not a tsunami. Powell’s remarks weren’t controversial. Everyone... [1576 chars]