当鲍威尔谈到关税对通货膨胀的影响即将到来时，但只是不透露影响有多大时，股市已经疲惫不堪。

他还称该政策并没有那么严格，劳动力市场并没有迫切要求降息。美联储主席并不急于做任何事情，这最终会激怒特朗普总统。

The major US stock indices erased earlier gains, with the 纳斯达克指数 dipping to an intraday low of 19,489.56. That low came within a single point of its 100小时移动平均线上升, currently at 19,488.85. Buyers once again leaned on that technical level—just as they did last Friday—pushing the index back up to 19,540 at last check.

The repeated support bounce adds to the 技术意义 of the 100-hour moving average. As long as the price remains above it, the short-term bias stays cautiously bullish. However, a break below could open the door for 下跌势头加速, with the 200-小时移动平均线为19，199.99 (yes, lots of nines) serving as the next key downside target.

对于标准普尔指数来说，该价格确实跌破了100小时移动平均线，目前为5987.24。当前价格低于该水平5977.96，当天下跌-4.8点或-0.8%。如果跌破该水平，纳斯达克指数将更加看跌，交易员将其200小时移动平均线5926.72点。上次价格跌破200小时移动平均线是在4月30日。