Episode Details

Dow Jones Industrial Average lost 240.52 points, or 0.6%, and settled at 39,566.85. The S&P 500 dipped 0.2% to close at 5,243.77. The tech-heavy Nasdaq Composite, on the other hand, added 0.11% to finish at 16,396.83.

Federal Reserve Chair Jerome Powell said Friday that economic growth remains strong and inflation is still above target.

“That means we don’t need to be in a hurry to cut,” the central bank chief told a Public Radio station program.

ASX SPI FUTURES CLOSED

• Oil up 1%, US WTI at 5-month closing high, market seen tight.
• Gold pares gains as higher US dollar, bond yields weigh.
• Iron ore gains on strong China factory activity data.
• Vale Indonesia targets 2024 output of about 70,800 metric tons nickel in matte.
• OPEC oil output falls in March, led by Iraq.
• Japan's JERA starts ammonia co-firing trial at coal power station.
• US pump prices set to climb on Russian refinery outages.

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