Stocks pare drop but hold lower as Fed’s Powell calls economic recovery ‘far from complete’

Stocks pare drop but hold lower as Fed’s Powell calls economic recovery ‘far from complete’
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Stocks remained lower Tuesday, with tech shares leading the way down, as investors monitored a sharp rise in bond yields and testimony by Federal Reserve Chairman Jerome Powell, who warned that the U.S. economic recovery remains uneven and far from complete.

What are major benchmarks doing?
  • The Dow Jones Industrial Average
    DJIA
    fell 125 points, or 0.4%, to 31,390.

  • The S&P 500
    SPX
    was off 30 points, or 0.8%, at 3,847.

  • The Nasdaq Composite
    COMP
    declined 249 points, or 1.9%, to 13,280.

Big losses for tech shares left the Nasdaq sharply lower Monday, falling more than 2%, while also weighing on the S&P 500. The S&P 500 suffered its fifth straight loss, the index’s…



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