The Dow Jones Industrial Average fell 64 points as UnitedHealth and Walgreens Boots Alliance underperformed. The S&P 500 dipped 0.2 percent, led lower by the health care and tech sectors. The Nasdaq Composite pulled back 0.2 percent. Fed Chairman Jerome Powell is scheduled to testify in front of a House committee. On Tuesday, he told members of the Senate Banking Committee the central banks remains"patient" in its approach to monetary policy. Powell also described the U.S.
The Fed has been caught in a market crossfire in the past several months, triggered by worries it was on a set policy path and would continue tightening even if conditions weakened. However, more recently, officials have been conveying a message of patience with the future policy path, including both the approach to interest rates and to reducing the bonds the Fed holds on its balance sheet. Shares of Lowe's rallied more than 4 percent after releasing its quarterly results.
The Dow and S&P 500 fell for a 2nd day in a row as investors grappled with key testimonies on U.S.-China trade relations and Fed monetary policy as well as a host of geopolitical issues.
It's stock shock season, guys
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