Hawisk comments from Federal Reserve ChairJerome Powell sparked selling on Tuesday, dashing hopes that the central bank would halt interest rate hikes in the near future. The S&P 500 fell 1.5% to finish at 3,986.37 points, just below the 50 daily moving average, but still above the 200 daily moving average. S&P 500 as of March 7, 2023 Dollar Index DXY broke 105 The US Dollar Index, which measures the relative value of the Dollar against a basket of important world currencies has now broke the 105level. It previously tested this level back in January 6, 2023 and found strong resistance. Thenext few days will see if the rising short term trend would continue. A strong US Dollar Index usually spells troublefor US companies especially those with worldwide operations, as it would transl