* Powell says strong economy allows caution, Musalem warns about unclear path of rate cuts * Markets focus on upcoming jobs data, CPI * ADP employment slight below expectations, ISM shows slowing services activity (Updates to mid-afternoon trading) By Tatiana Bautzer and Chuck Mikolajczak NEW YORK, Dec 4 (Reuters) - U.S. Treasury yields fell on Wednesday, reversing course after softer...

05:14 PM EST, 12/04/2024 (MT Newswires) -- Russel Metals ( RUSMF ) after close Wednesday said it closed its US$79.5-million acquisition of Tampa Bay Steel. Tampa Bay Steel had average revenue of US$115 million over the past five years. We are excited to have Tampa Bay Steel join our Southern U.S. businesses, especially as we continue to explore opportunities for...

05:04 PM EST, 12/04/2024 (MT Newswires) -- The Dow Jones Industrial Average closed above 45,000 for the first time Wednesday, while the S&P 500 and Nasdaq Composite extended their record runs as markets assessed the latest remarks by Federal Reserve Chair Jerome Powell. The Dow rose 0.7% to 45,014, while the technology-heavy Nasdaq jumped 1.3% to 19,735.1. The S&P 500...

04:32 PM EST, 12/04/2024 (MT Newswires) -- The Dow Jones Industrial Average closed above 45,000 for the first time Wednesday, while the S&P 500 and Nasdaq Composite extended their record runs as markets assessed the latest remarks by Federal Reserve Chair Jerome Powell. The Dow rose 0.7% to 45,014, while the technology-heavy Nasdaq jumped 1.3% to 19,735.1. The S&P 500...