He did keep an eye on the market's performance during his congressional testimony Tuesday morning. Selling in the bond market led Wall Street to worry that inflation will force the Federal Reserve to speed up its rate hike plans. "It is now up 187 points so we are back up today".
Treasury Secretary Steven Mnuchin appeared at a previously scheduled hearing on Capitol Hill, where he urged lawmakers to focus on the economy's strong fundamentals.
Stocks are mixed in the early going as traders digest a batch of company earnings reports.
Apple Live News Section Now Available in TV App
The live news feature is rolling out to USA users running the latest version of iOS and tvOS. It appears to be live for users running the latest iOS 11.2.5 and tvOS 11.2.5 releases.
The Dow Jones industrial average fell 50 points, or 0.2 percent, to 24,122.
The British pound increased 0.2 percent to $1.3905, the first advance in a week. The Nasdaq Composite was down 274 points, closing at 6,777.16, and the S&P 500 lost 100 points to close at 2.581.
The bottom of this recent slide remained elusive for investors, who have been whipsawed this week by huge swings that have shaken a market that had only climbed steadily for months.
The global sell-off began last week after a solid U.S. jobs report fuelled expectations that the Federal Reserve would need to raise interest rates faster than expected, because of the strength of the economy.
The market performance also reflects the strong US and global economies, which have boosted corporate profits. Tokyo's Nikkei 225 lost 2.3 percent and Hong Kong's Hang Seng gave up 3.1 percent. Other benchmark indexes kept their losses below 2 percent.
Earnings & Quant Signal Review for Global Group Corp. (TSE:6189)
If a buyer buys one share of stock from a seller, then that one share is added to the total volume of that particular stock. What do the analysts think? Stifel Nicolaus upgraded it to " Buy " rating and $54.0 target in Tuesday, January 12 report.
Stocks plunged again Thursday, and for the second time in four days the Dow Jones industrial average sank more than 1,000 points.
Spreadbetters expected Europe markets to start lower, forecasting an 0.8 percent drop for FTSE, and declines of 0.2 percent for Germany's DAX and France's CAC. If rates rise quickly, that argument becomes much less persuasive.
USA stocks rallied Tuesday as a late surge helped them regain nearly half their losses from the day before, when they had their biggest plunge in 6 ½ years amid heavy trading and huge swings for the market.
United Kingdom blue chips were trading down around 0.26% by 11.13am (GMT), at around 7,153 points while on the continent the Euro Stoxx 50 was down 0.57% to 3,358 points.
The benchmark Standard & Poor's 500 index is now down 8 percent from the record high it set January 26.
North Korea, US set for uncomfortable encounter at Olympics
The Winter Olympics 2018 officially got underway in Pyeongchang, South Korea with an opening ceremony that featured fire and fun. The South Korean head coach will be in charge, but at least three North Koreans must be selected fro the team.