Equity markets in February took investors on a roller-coaster ride
MONTHLY MARKET COMMENTARY |
Jerome Powell gave his first testimony as Federal Reserve chairperson. He emphasized a more optimistic view on the U.S. economy for 2018 and that the central bank will continue on its path of gradual rate increases.
U.S. equity markets in February took investors on a roller-coaster ride. The Dow fell more than 12 percent in just two weeks, only for stocks to rally after, nearly recuperating those losses. The Dow then fell again in the final two trading days leaving the index down 1,600 points from its record high in January.