Stocks slip for a second day as Powell testimony continues, Lowe's rises

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

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Global stocks rise on U.S.-China trade hopes; oil up againAn index of stocks across the globe hit a more than four-month high on Wednesday... How many times will the mkt rise on US. VaChina trade hopes? xQc you called it pog
Source: Reuters - 🏆 2. / 97 Read more »

Stocks making the biggest moves midday: CVS Health, Southwest, Charles Schwab & moreThese are the stocks posting the largest moves midday Wednesday.
Source: CNBC - 🏆 12. / 72 Read more »