The three major indexes saw their biggest weekly drop in 2023, as the markets cooled down after spiking higher in January. The Nasdaq Composite fell by 2.4%, the S&P 500 gave back 1.1%, and the Dow Industrial Average slid by 0.2% this week. This followed remarks by Federal Reserve Chair Jerome Powell at the Economic Club of Washington on Tuesday. Powell said U.S. disinflation "has begun" but reiterated that it will take some time for the pricing environment to fully normalize. For additional bullish calls of the past week, check out the following:Is Apple Headed To $167?
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