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European stocks close lower after Fed's Powell says stocks 'highly valued'; German defense contractor Renk jumps 8%
European shares ended the day slightly lower on Wednesday, although defense stocks received a boost.
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fortune.com
U.S. stocks are chipping away at Europe's outperformance, and Powell slipped in this dovish signal on Fed rates that Wall Street overlooked…
The S&P 500 is now up 13% year to date and the Nasdaq is up 17%. Meanwhile, the DAX stock market index in Germany is up 19% so far this year.
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cnbc.com
European stocks close lower after Fed's Powell says stocks 'highly valued'; German defense contractor Renk jumps 8%
European shares ended the day slightly lower on Wednesday, although defense stocks received a boost.