Dow Jones Falls 274 Points After Powell Comments; Cathie Wood Loads Up On Stock Amid 40% Plunge
The Dow Jones Industrial Average closed lower despite rallying off lows Monday after Federal Reserve Chair Jerome Powell spoke out on interest rates. Magnificent Seven stock Nvidia (NVDA) rallied on a price-target hike while Alphabet (GOOGL) and Apple (AAPL) also rose. Meanwhile, well-known fund manager Cathie Wood snapped up a stock that’s plunging.