After swinging between gains and losses early on in the session, U.S. stocks surged higher a little past noon, but fell into the red with investors reacting to the Federal Reserve Chairman Jerome Powell's speech at a private event.
However, stocks recovered some lost ground subsequently and the major averages are all up in positive territory.
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Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.