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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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?
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