U.S. stocks struggled for direction Tuesday, weaving in and out of positive territory, as Federal Reserve Chairman Jerome Powell reiterated the central bank’s wait-and-see approach in congressional testimony. The Fed boss’s comments come as some economic data have pointed to slower U.S. economic growth, even as a reading for confidence shot higher. How did stock indexes fare? Main indexes made small moves with the Dow Jones Industrial Average DJIA, +0.00% up 8 points to 26,100.
“No clear new signal from Fed Chairman Powell’s prepared semiannual Monetary Policy Report testimony,” he said n a note. “Much of what he said merely echoed what was communicated after the January FOMC meeting.” Which stocks are in focus? Shares of Home Depot Inc. HD, -2.04% fell 2% after the home-improvement giant reported quarterly results that were weaker than expectations. Tesla Inc. TSLA, +0.11% shares reversed an earlier decline to edge up 0.
Get down, get down. The DOW will down
Market Will be fine
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