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Stock impact report

S&P 500 pares some gains after Powell warns inflation still too high [Yahoo! Finance]

Marvell Technology, Inc. (MRVL) 
Last marvell technology, inc. earnings: 3/4 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: marvell.com/company/investor_relations
Company Research Source: Yahoo! Finance
The S&P 500 rose 0.9% higher, the Dow Jones Industrial Average gained 0.9%, 313 points, Nasdaq was up 1.1%. Powell leans hawkish to push Treasury yields higher In his Jackson Hole speech Friday, Powell said “restrictive” monetary policy is called for to achieve the Fed's 2% inflation target. Bringing inflation back to target is expected to “require a period of below trend economic growth as well as some softening and labor market conditions,” the Fed chief added. Treasury yields surged in anticipation of a higher-for-longer rate regime, with the 2-year Treasury yield briefly rising close to the cycle highs of 5.12%. tech regains momentum as dip buyers emerge; Marvell dents chips Tech briefly came under pressure from rising Treasury yields, which makes growth sectors like tech with higher valuations less attractive, as Google (NASDAQ:GOOGL) and Meta (NASDAQ:META) cut losses. Marvell Technology Inc (NASDAQ:MRVL) fell 7%, to keep a lid on gains in chips despite reporting q Show less Read more
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