Federal Reserve Chair Powell is set to deliver day two of his testimony on the state of the U.S. economy in his Semiannual Monetary Policy Report.
Stocks are under pressure ahead of his remarks, similar to Tuesday, before the turnaround, as bond yields move higher.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGES | 31605.18 | +67.83 | +0.22% |
| SP500 | S&P 500 | 3880.77 | -0.60 | -0.02% |
| I:COMP | NASDAQ COMPOSITE INDEX | 13382.042221 | -83.16 | -0.62% |
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On Tuesday he reminded lawmakers that while the recovery remains uncertain, a wider rollout of the COVID-19 vaccine can help steady the economy.
FED’S POWELL SAYS US ECONOMIC OUTLOOK STILL ‘HIGHLY UNCERTAIN,’ BUT WIDER VACCINE ROLLOUT KEY
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