Powell said he doesn't have much confidence that interest rates will be cut this year. The three major U.S. indices ended mixed, with the Dow up 0.23%, the Nasdaq down 0.33%, and the S&P 500 down 0.34%. Large technology stocks were mixed, Amazon, Meta rose more than 2%, Microsoft rose more than 1%, Nifty, Google rose slightly; Nvidia fell more than 3%, Tesla fell more than 1%, Apple, Intel fell slightly.