Tuesday saw the S&P 500 register a little increase as investors processed Federal Reserve Chairman Jerome Powell’s cautious interest rate remarks.
U.S. tariffs and the potential escalation of a global trade war have raised concerns about the economy’s future.
The S&P 500 ended the day at 6,068.50, up 0.03%, while the Nasdaq Composite closed at 19,643.86, down 0.36%.
Gaining 123.24 points, or 0.28%, the Dow Jones Industrial Average reached 44,593.65.
After The Information revealed that Apple is working with Alibaba to provide AI features for iPhone customers in China, the company’s stock rose 2.2%, halting market declines.
In his prior remarks to the Senate Banking Committee, Powell indicated that the Fed did not have to act immediately to loosen monetary policy.
Source (CNBC)
