Nasdaq Closes at Record High as Tech Shines By Investing.com
By Yasin Ebrahim Investing.com – The Nasdaq closed at a record highs Tuesday with big tech making strong gains as Federal Reserve Chairman Jerome Powell in testimony before Congress continued to downplay fears over the sharp pace of inflation. The S&P 500 rose 0.51%, the Dow Jones Industrial Average gained 0.20%, or 68 points, and the Nasdaq Composite was up 0.79% at 14,223.27. Powell largely stuck to his prepared remarks in testimony before a House select subcommittee hearing on the Fed’s pandemic response and the economy, reiterating the rapid pace of inflation will fade and job gains...
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