Wall Street closes higher after Powell testimony eases investors’ concerns

NEW YORK: US stock indexes gained ground on Tuesday with Nasdaq leading the advance as investors were relieved that Federal Reserve Chair Jerome Powell‘s testimony to Congress did not include any major surprises. Federal Reserve Chair Jerome Powell, in a congressional hearing that pointed to his likely confirmation for a second term in the job, … Read more

nasdaq: Wall Street posts declines for first week of 2022; Nasdaq has worst week since Feb

NEW YORK: Wall Street on Friday wrapped up the first week of the new year with daily and weekly losses as investors worried about looming US interest-rate hikes and unfolding Omicron news. The Nasdaq posted its biggest weekly percentage fall since February 2021 and led declines for the day in the major indexes. Stocks fell … Read more