• Fri. Jun 24th, 2022

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Stocks Waver as Fed Chairman Testifies – The Wall Street Journal

U.S. stocks wavered amid a second day of testimony from Federal Reserve Chairman Jerome Powell after he warned that rapidly rising interest rates threatened a recession. 

The S&P 500 was roughly flat at midday Thursday. The technology-heavy Nasdaq Composite Index rose 0.6%, while the blue-chip Dow Jones Industrial Average fell 0.3%.