The S&P index has now turned into positive territory with a gain of 9 points or 0.13%. The NASDAQ index is still down day by about 50 points or -0.22%. The Dow industrial average is up 0.54%.
After Fed chair Powell's comments, the market continues to pricing in a Fed rate cut for November and December. There is little reason for Powell too dovish. However he did say that the banshee contraction may be coming to an end. He did say that the downside risk to US stock market have risen and that the job market justify September's interest rate cut. The
