The CommSec Market Update 8 Feb 23: Federal Reserve chair hogs the spotlight

In the US there was only one game in town on Tuesday and that was a speech by Federal Reserve chair Jerome Powell.

But investors absorbed the latest comments and with 45 minutes of trade to go the Dow Jones was up 100 points or 0.3% with the S&P 500 up 0.7% and Nasdaq up 1.1%. The futures suggests the Australian sharemarket will rise 13 points or 0.2% at the start of trade

 

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