Business

Stocks Waver, Bond Yields Rise After Powell Nomination

U.S. stocks toed the flat line while bond yields rose Tuesday in the wake of Jerome Powell’s nomination to continue as Federal Reserve chairman.

The S&P 500 ticked down 0.2%, while the Dow Jones Industrial Average was essentially flat. The tech-heavy Nasdaq Composite slipped 0.6% after losing more than 1% Monday.


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