Federal Reserve Chairman Jerome Powell and U.S. Treasury Secretary Janet Yellen are back on Capitol Hill to give a progress report on the pace of the COVID-19 relief efforts in the second day of testimony.

COVID-19 PANIC STOCK SELLING BURNED INVESTORS WITH SHORTEST BEAR MARKET EVER

While Powell assured lawmakers that inflation will rise, but won’t spiral out of control, Yellen hinted at forthcoming tax hikes which spooked the financial markets on Tuesday.

STOCKS BATTLE HIGHER, INTEL LEADS DOW

Stocks rebounded in early trading Wednesday with the exception of the Nasdaq Composite.

TickerSecurityLastChangeChange %I:DJIDOW JONES AVERAGES32620.95+197.80+0.61%SP500S&P 5003914.65+4.13+0.11%I:COMPNASDAQ COMPOSITE INDEX13079.191886-148.51-1.12%Powered by

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