Stocks opened lower Monday as news that the Department of Justice is investigating Federal Reserve Chair Jerome Powell shook market sentiment. However, the main equity indexes found their footing by lunchtime as participants turned their attention to this week's key inflation data and the start of fourth-quarter earnings season.
Late Friday, the Fed was issued subpoenas that threaten criminal indictment for Chair Powell over his testimony to the Senate Banking Committee last summer regarding renovations to the central bank's buildings.
