Evening Market Recap - Wednesday, 6-Mar
MAR 06
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US equities were higher in Wednesday trading, though ended off best levels, with the Dow Jones, S&P500, and Nasdaq closing up 20bps, 51bps, and 58bps respectively. Powell reiterated likelihood of loosening later this year, though more confidence needed on sustained move towards 2% target. February ADP private payrolls slightly softer than expected. JOLTs job openings down in January from prior month to lowest since October, while quits rate down a tick. Fed's Beige Book also said economic activity increased slightly.

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