Schwab Market Update Audio Charles Schwab

Fed policy leaders held benchmark rates unchanged as expected, but Powell encouraged investors by saying further increases are unlikely.

The S&P 500's five-month winning streak ended after unwelcomed inflation measures and a drop in consumer confidence fueled widespread selling.

Major indexes edged higher but still poised for down month as investors brace for heavy week of earnings, economic news.

Alphabet's shares rally sharply followed robust quarterly earnings, lifting tech stocks and helping the Nasdaq Composite end its four-week slide.

Weaker-than-expected first-quarter growth and inflation worries continue to rattle investors, while Meta’s Thursday nosedive weighed on tech.

The Tesla rally contributed to early market gains, but strength faded amid rising Treasury yields and deflated hopes for rate cuts.