US STOCKS SNAPSHOT-Wall Street extends losses after Powell's comments

U.S. stock indexes extended losses on Friday after Federal Reserve Chair Jerome Powell said the U.S. economy will need tight monetary policy "for some time" before inflation is under control, but gave no indication of how high interest rates might rise before the central bank's job is finished.

At 10:04 a.m. ET, the Dow Jones Industrial Average was down 195.29 points, or 0.59%, at 33,096.49, the S&P 500 was down 34.86 points, or 0.83%, at 4,164.26, and the Nasdaq Composite was down 132.57 points, or 1.05%, at 12,506.70.