Dow Soars 400 Points After Powell Eases Inflation Concerns, But Big Tech Continues To Struggle

26.02.2021, 08:44 forbes.kz

The booming technology trade that lifted stocks to new highs during the pandemic continued to unravel Wednesday as Federal Reserve Chair Jerome Powell downplayed inflation concerns that have rattled the market in recent weeks. “We’re going through a very choppy period in the markets, with investors uncertain how to read the movements we’re seeing in bond markets,” Oanda Senior Market Analyst Craig Erlam said Wednesday morning. "The curve is steepening, and investors are fretting a little about the prospect of higher inflation. Policymakers are doing their best to alleviate these fears, but there appears to be a growing consensus that we will see more inflation this year as a result of the t