[ad_1]
US stocks mostly ended higher on Tuesday, after consecutive losses on the S & P 500 and Nasdaq, as investors waited impatiently for the testimony of Federal Reserve Chairman Jerome Powell, starting Wednesday. The S & P 500
SPX, + 0.12%
was up 0.1% to finish around 2980. The Dow Jones Industrial Average
COMP + 0.54%
lost 22 points, or 0.1%, to end at 26,784, based on preliminary numbers, recording his third consecutive losing session. The Nasdaq composite
COMP + 0.54%
rose 0.5% to close at around 1442. Equities struggled to move, with investors anticipating a 50bp cut in July, some even wondering if a 25-point base would be held this month. Powell will testify before Congress in the next two days, which could give clues to the Fed's plans. In the news of the company, the shares of Netflix Inc.
NFLX, + 1.00%
increased by 1% after Raymond James reiterated his bullish stance on the streaming video company.
[ad_2]
Source link