* Tesla up as sales in China nearly double in November. * Fed Chair Powell's speech at 1330 ET. * U.S. private payrolls growth slows in November - ADP. * Dow down 0.46%, S&P off 0.12%, Nasdaq up 0.43% By Shreyashi Sanyal.
* Tesla up as sales in China nearly double in November. * Fed Chair Powell's speech at 1330 ET. * U.S. private payrolls growth slows in November - ADP. * U.S. preliminary Q3 GDP up more than expected. * Futures: Dow flat, S&P up 0.10%, Nasdaq up 0.20% By Shreyashi Sanyal.
-Wall Street was mixed on Wednesday, with the Dow and S&P 500 down and heavyweight growth stocks boosting the Nasdaq as focus shifts to comments from Federal Reserve Chair Jerome Powell later in the day. Powell's speech will be closely watched for signs of a slowdown in the pace of interest rate hikes by the central bank, as well as to assess the general health of the U.S. economy.
The dollar fell on Wednesday ahead of a speech by Federal Reserve Chair Jerome Powell and a look at private-sector employment data for November, as it barrelled towards its biggest monthly loss since late 2010.
* Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn. * Graphic: World FX rates http://tmsnrt.rs/2egbfVh. By Dhara Ranasinghe. World equity markets rallied on Wednesday lifted by hopes that inflation is peaking and a re-opening of China's economy is near, with focus turning to U.S. Federal Reserve chief Jerome Powell who speaks later in the day.
- Wall Street ended sharply higher on Wednesday after Federal Reserve Chair Jerome Powell said the central bank might scale back the pace of its interest rate hikes as soon as December. The S&P 500 rallied and closed above its 200 day moving average for the first time since April after the release of Powell's remarks prepared for delivery at the Brookings Institution think tank in Washington.
A look at the day ahead in U.S. and global markets from Mike Dolan. Even as disinflation takes hold and recession looms, Federal Reserve Chair Jerome Powell may have to deliver another uncomfortable message of more monetary tightening ahead before the Fed hunkers down for its final meeting of the year.
Wall Street equities closed sharply higher on Wednesday while U.S. Treasury yields declined and the dollar sank after Federal Reserve Chair Jerome Powell said the central bank could slow the pace of interest rate hikes "as soon as December," even as he cautioned that inflation was still too high.
* Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn. * Graphic: World FX rates http://tmsnrt.rs/2egbfVh. By Dhara Ranasinghe. World equity markets rallied on Wednesday and focus turned to Jerome Powell, who speaks later in the day in what will be the U.S. Federal Reserve chief's last opportunity to steer sentiment ahead of the Fed's December meeting.
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