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
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks fight to gain altitude as investors watch Powell’s Senate testimony, weigh dataU.S. stocks on Tuesday pare early losses and attempts to break in to positive territory as Federal Reserve Chairman Jerome Powell reiterates the central bank’s newfound wait-and-see approach in congressional testimony. Who chose this picture?
Source: MarketWatch - 🏆 3. / 97 Read more »
Kevin O'Leary says it's a 'big mistake' not to own this group of stocksChinese markets are having their best quarter in years. Kevin O'Leary, chairman of O'Shares ETFs and co-host of 'Shark Tank,' says exposure to the Asian markets is essential.
Source: CNBC - 🏆 12. / 72 Read more »
Tech stocks help S&P inch higher, Home Depot weighs on DowThe S&P 500 eked out gains on Tuesday, boosted by technology sector, but losses ... S&P is red
Source: Reuters - 🏆 2. / 97 Read more »
Stocks to drop | CAT suffers double downgrade | SEC wants to penalize Elon MuskU.S. stock futures were pointing to a lower open this morning after Wall Street saw its highest closes since early November. mr_jettlife
Source: CNBC - 🏆 12. / 72 Read more »
Chinese stocks are outperforming the US, but watch out for 'structural issues,' expert warnsChinese stocks are in rally mode after President Trump announced plans to delay a proposed increase in tariffs. But two market watchers warn a pullback might be coming. Tariffs make the dollar stronger and more jobs in America
Source: CNBC - 🏆 12. / 72 Read more »
The $1 reason to keep buying Netflix, one of the S&P hottest stocksOur call of the day, from Piper Jaffray research analysts Michael Olson and Yung Kim, offer a $1 reason to keep believing in and buying streaming giant Netflix.
Source: MarketWatch - 🏆 3. / 97 Read more »
Stocks making the biggest moves premarket: Home Depot, Caterpillar, Tesla & moreSome of the names on the move ahead of the open.
Source: CNBC - 🏆 12. / 72 Read more »
The $1 reason to keep buying Netflix, one of the S&P’s hottest stocksOur call of the day, from Piper Jaffray research analysts Michael Olson and Yung Kim, offer a $1 reason to keep believing in and buying streaming giant Netflix.
Source: MarketWatch - 🏆 3. / 97 Read more »