TODAY'S TOP STORIES

U.S. Stocks Extending Pullback As Powell Expects Further Rate Hikes

Stocks have moved mostly lower in morning trading on Wednesday, extending the pullback seen over the two previous sessions. The major averages have all moved to the downside, with the tech-heavy Nasdaq leading the slide.

Currently, the Nasdaq is down 129.38 points or 1.0 percent at 13,537.91 and the S&P 500 is down 18.98 points or 0.4 percent at 4,369.73. The narrower Dow is posting a more modest loss, edging down 60.45 points or 0.2 percent at 33,993.42.

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by RTTNews Staff Writer

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