Topic: Jerome Powell

U.S. markets fell flat, drawing back from record highs, on Monday as Federal Reserve Chairman Jerome Powell said he was monitoring the stock market due to "elevated" assets.

The Dow Jones Industrial Average gained 199 points on Thursday, erasing earlier losses, as cruise and airline stocks rallied.

Fewer than 700,000 workers in the United States have filed for new unemployment benefits, the Labor Department said Thursday -- which is the lowest weekly figure in more than a year.

The Nasdaq Composite fell 2% Wednesday as tech stocks declined, GameStop stock crashed and Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen testified before Congress for the second day.

Treasury Secretary Janet Yellen and Federal Reserve Chair Jerome Powell told the Senate on Wednesday that the U.S. economy has recovered from the COVID-19 pandemic faster than expected.

The Dow Jones Industrial Average fell 308.05 points as U.S. markets declined behind a drop in travel and retail stocks.

The economy is "much improved" since the CARES Act was enacted a year ago but the recovery still "far from complete," Federal Reserve Chairman Jerome Powell said in remarks published Monday.

The Dow Jones Industrial Average and S&P 500 both snapped winning streaks Tuesday as markets braced for new policy guidance from the Federal Reserve.

The Dow Jones Industrial Average fell 345 points on Thursday after Federal Reserve Chairman Jerome Powell said the central bank would remain "patient" in regards to policy changes combatting rising inflation.

More than 700,000 workers in the United States have filed for new unemployment claims, the Labor Department said Thursday in its weekly jobless report.