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A HDR evening changeable taken astatine sunset of the Tokyo skyline.
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Asia-Pacific markets were acceptable to unfastened mixed Thursday, arsenic investors continued to measurement the ongoing ceasefire betwixt Israel and Iran.
Japan's benchmark Nikkei 225 was acceptable to unfastened higher, with the futures declaration successful Chicago astatine 39,055 portion its counterpart successful Osaka past traded astatine 38,950, against the index's past adjacent of 38,942.07.
However, Australia's S&P/ASX 200 is slated to unfastened somewhat lower, with futures tied to the benchmark astatine 8,500, compared to its past adjacent of 8,559.2.
Similarly, futures for Hong Kong's Hang Seng index stood astatine 24,326, pointing to a little unfastened compared to the HSI's past adjacent of 24,474.67.
U.S. futures were comparatively unchanged. S&P 500 futures traded astir the flatline, arsenic did Nasdaq 100 futures and futures tied to the Dow Jones Industrial Average.
Federal Reserve Chair Jerome Powell maintained a cautious stance connected ostentation and tariffs during his 2nd time of Capitol Hill testimony, indicating complaint cuts could beryllium considered if the effects beryllium temporary.
As helium did during his grounds Tuesday before the House Financial Services Committee, Powell would not enactment a timetable connected erstwhile helium thinks further involvement complaint cuts volition beryllium possible, contempt the dense unit President Donald Trump has exerted to get the Fed to chopped rates.
Overnight stateside, the 3 large averages closed somewhat higher. The S&P 500 ended the league adjacent the flatline astatine 6,092.16 arsenic investors watched to spot if the benchmark scale could instrumentality to its all-time high. The Nasdaq Composite added 0.31% to adjacent astatine 19,973.55. The Dow Jones Industrial Average slipped 106.59 points, oregon 0.25%, settling astatine 42,982.43.
— CNBC's Brian Evans, Alex Harring and Jeff Cox contributed to this report.
S&P 500 closes adjacent the flatline
The S&P 500 closed small changed connected Wednesday, but remains wrong arms scope of its grounds high.
The wide marketplace scale was level to decorativeness the league astatine 6,092.16, portion the Nasdaq Composite gained 0.31% to 19,973.55. The Dow Jones Industrial Average slipped 106.59 points, oregon 0.25%, to adjacent astatine 42,982.43.
— Brian Evans
Powell keeps cautious code connected rates during Senate testimony
Fed Chair Jerome Powell testifies earlier the Senate Committee connected Banking, Housing, and Urban Affairs during a proceeding to "examine the Semiannual Monetary Policy Report to the Congress" connected Capitol Hill connected June 25, 2025 successful Washington, DC.
Kent Nishimura | Getty Images
Federal Reserve Chair Jerome Powell successful his 2nd time of Capitol Hill grounds stuck to his cautious attack to tariffs and inflation, saying determination volition beryllium country for complaint cuts if the interaction is temporary.
"It's a risk. We consciousness like, arsenic the radical who are expected to support unchangeable prices for the payment of the American people, we tin negociate that hazard too," the cardinal slope person said in an appearance earlier the Senate banking committee. "That's each we're doing. We're not deciding what to bash yet."
As helium did during his grounds Tuesday earlier the House Financial Services Committee, Powell would not enactment a timetable connected erstwhile helium thinks further involvement complaint cuts volition beryllium possible, contempt dense unit President Donald Trump has exerted to get the Fed to chopped rates.
Earlier successful the day, Trump called Powell "terrible" successful a speech with reporters, and said helium has 3 oregon 4 candidates successful caput arsenic a replacement, according to aggregate media reports.
Despite the governmental pressure, astir of the questions Powell faced during the two-day mandated proceeding were cordial. Sen. Bernie Moreno (R-Ohio) was 1 of the fewer to instrumentality an overtly hostile one.
"You're costing this authorities $400 cardinal a twelvemonth by refusing to little involvement rates," Moreno said. "Nobody successful this enclosure has that benignant of powerfulness to person a $400 cardinal interaction connected our economy. I conscionable deliberation you should see whether you're truly looking done a governmental lends due to the fact that you don't similar tariffs."
Echoing Trump's criticism, Moreno said, "We got elected by millions of voters, you got elected by 1 person. He doesn't privation you successful that job."
—Jeff Cox
English (US) ·