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Barchart
Barchart
Rich Asplund

Stocks Finish Higher on Balanced Comments from Fed Chair Powell

Powell US Federal Reserve United States Inflation Citigroup ECB JPMorgan Chase Morgan Stanley Nvidia UBS

The S&P 500 Index ($SPX) (SPY) Tuesday closed up +0.07%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.13%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.07%.

Stock indexes settled mixed on Tuesday, with the S&P 500 and Nasdaq 100 posting new all-time highs.  Strength in bank stocks and chip stocks led the overall market higher.  Weakness in restaurant stocks and higher T-note yields were negative factors for equities.  The broader market remained higher Tuesday after balanced comments from Fed Chair Powell.

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