Give up gains as Powell calls some markets frothy

the US stock indices are ending the session lower. The S&P gave up gains into the close and is closing just below unchanged. The Dow industrial average is the biggest loser. The Russell 2000 outperformed and is closing marginally higher.  The S&P and NASDAQ are on track for the best month since November.

A look at the final numbers show:

  • S&P index -3.27 points or -0.08% at 4183.45
  • NASDAQ index -39.19 points or -0.28% at 14051.03
  • Dow industrial average -161.59 points or -0.48% at 33823.34
  • Russell index +2.91 points or 0.13% at 2304.17

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