Wall Street falls after Powell's comments on strengthening economy
Wall Street`s main indexes fell on Tuesday as U.S. bond yields rose after new Fed Chairman Jerome Powell said that data has pointed to a strengthening economy since December, increasing his confidence that inflation would rise.
The Dow Jones Industrial Average fell 32.92 points, or 0.13 percent, to 25,676.35. The S&P 500 lost 7.31 points, or 0.262987 percent, to 2,772.29. The Nasdaq Composite dropped 31.42 points, or 0.42 percent, to 7,390.05.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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