Wall Street indexes end lower as investors digest Powell comments

Wall Street indexes end lower as investors digest Powell comments

By Caroline Valetkevitch

Tue September 23, 2025 4:02 PM

The market was ripe for a pullback and Powell provided the trigger when he reiterated the Fed positions stated yesterday that the central bank needs to get back to focusing on inflation. Offering no further clues on future rate cuts left investors to interpret the comments that there might not be. That combined with profit-taking from Nvidia that lost 2.8% today after yesterday’s big jump and tech had nowhere to go but down, down by 3-digits. Powell also emphasized how highly valued equities are, another hint that we’re ripe for a pullback, especially after all the recent record highs. Volume remained brisk at 18.9 billion, above the 17.6 average. 

DJ: 46,381.54  +66.27       NAS: 22,788.98  +157.50     S&P: 6,693.75  +29.39        9/22

DJ: 46,292.78  -88.76        NAS: 22,573.47  -215.50      S&P: 6,656.92  -36.83         9/23

Tue 9-23-25 4:02 pm Wall Street indexes end lower as investors digest Powell comments | Reuters