Fed Chair Powell’s comments spark stock sell-off

Stocks closed lower on Thursday, with the S&P 500 (^GSPC) ending in negative territory. A bond auction sparked a sell-off on Wall Street that left all three major indices red for the day. Yahoo Finance’s Jared Blikre analyzes the bond market moves that drove broader selling as investors weigh the impacts of Fed Chair Jerome Powell’s earlier comments to the International Monetary Fund.
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