Wall Street

Wall Street ends lower after Powell remarks, as energy shares drag

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Reuters

By Lewis Krauskopf, Devik Jain and Anisha Sircar (Reuters) – Wall Street’s main indexes ended with slim losses on Wednesday after choppy trading as energy shares weighed and investors digested Federal Reserve Chair Jerome Powell’s comments on the central bank’s aim to bring down inflation. After opening lower, major U.S. indexes had erased losses following Powell’s testimony before a Senate committee, but then they faded into the close. Powell said the Fed is “strongly committed” to bringing down inflation that is running at a 40-year high while policymakers are not trying to cause a recession…

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