Markets were mixed on Wednesday.
Early in the day, Asian stocks fell, with the Nikkei 225 plunging 2.1 percent.
However, the S&P 500 rose 0.2 percent and the STOXX Europe 600 rose 0.6 percent.
Lori Calvasina from RBC Capital Markets said “we think choppy conditions in U.S. equities will persist a while longer”.
Indeed, Federal Reserve Chair Jerome Powell said at a European Central Bank event on Wednesday that bottlenecks and supply chain problems are “holding up inflation longer than we had thought”.
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