Stocks deviated lower on Wednesday as Federal Reserve Chair Jerome Powell talked at the Economic Club of Chicago.
The Dow Jones Industrial Average was down 700 factors, or 1.7%. The S&P 500 was down 2.5%. The Nasdaq Composite was down 3.5% as Powell took inquiries.
The return on the 2-year Treasury note was to 3.83%. The 10-year return was to 4.33%.