S&P 500 Gains and Losses Today: Index Drops After Powell Reiterates Cautious Stance

S&P 500 Gains and Losses Today: Index Drops After Powell Reiterates Cautious Stance

Key Takeaways - The S&P 500 fell 0.3% on Monday, Feb. 5, 2024, after Fed Chair Jerome Powell reaffirmed the central bank will remain cautious as it considers interest rate cuts. - Air Products and Chemicals shares plunged after the industrial gas provider reported disappointing quarterly results affected by a manufacturing slowdown in China. - Cosmetics maker Estee Lauder topped earnings forecasts and announced it would cut jobs as part of a restructuring plan. U.S. equities posted losses to open …