Finance

Dow rolls over, Trump blames Powell for fall, Facebook drops

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4 pm: Stocks close off their highs

The S&P 500 and Nasdaq Composite hit record highs earlier in the day but later rolled over. The 500 stock index closed up about 5 points and the Nasdaq finished up 10 points. President Donald Trump blamed Federal Reserve Chair Jerome Powell’s comments to the Senate banking committee for the roll over in major averages but it is unclear if Powell’s comments played a role. The Dow Jones Industrial Average closed flat. Facebook shares fell 2.8%. — Fitzgerald

3:50 pm: Broad array of stocks hit records as market reaches milestone levels

Modest gains in the markets today, but as we continue to hit new highs on the…



Source cnbc.com

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