US equities traded mixed on Tuesday after notching their biggest single-day gain in nearly four weeks.
Investors looking for new commentary on the nation’s …
US equities traded mixed on Tuesday after notching their biggest single-day gain in nearly four weeks. Investors looking for new commentary on the nation’s economic rebound will tune in to Federal Reserve Chair Jerome Powell’s keynote speech at a conference hosted by the National Association for Business Economics. The central-bank chief has repeatedly stressed the importance of fiscal stimulus to the recovery and maintained that the path forward is highly uncertain. With infection rates rising in the US, Powell could provide a gloomier outlook than in past remarks. The chair has previously tied the economy’s path to the outbreak’s trajectory. Here’s where US indexes stood shortly after the 9:30 a.m. ET market open on Tuesday: Read more: These 30 global stocks are positioned to stay on top in the 4th quarter as the contrast between a recovering economy and rising COVID cases keeps markets volatile, RBC says The tepid trading came after stocks surged through Monday’s session.
