Markets brace for more pain as Fed Chair Powell continues testimony

News: What you need to know about the markets     Markets brace for more pain as Fed Chair Powell continues testimony Read more »   Yeezy fallout could push Adidas into its first annual loss in 31 years Adidas has warned that it could suffer its first annual operating loss in more than three decades this year, mostly because it may have to write off the entire range of Yeezy-branded clothing and sneakers. Read more »   Jerome Powell's testimony sent markets reeling. That may be a good thing Federal Reserve Chairman Jerome Powell on Tuesday cleared the way for larger interest rate hikes at this month's central bank policy meeting, sending markets into a tailspin. Read more »   Buying bank stocks before a recession used to be madness. Not anymore Investors are bucking tradition this year by piling into big bank stocks just as major economies are expected to either slow down or fall into recession. Read more »   Debt default would be 'catastrophic' event that could kill millions of American jobs, Moody's warns A breach of the US debt ceiling risks sparking a 2008-style economic catastrophe that wipes out millions of jobs and sets America back for generations, Moody's Analytics warned on Tuesday. Read more »   NSA chief warns TikTok could censor videos as part of Chinese influence operations The head of the National Security Agency and US Cyber Command told lawmakers Tuesday that TikTok presents a national security concern for two main reasons: It collects data on people who use the social media app, and it censors information for its vast audience around the world. Read more »

Dow Nasdaq S&P -58.06   +45.67   +5.64 32,798.40   11,576.00   3,992.01 -0.18%   +0.40%   +0.14% YTD -1.05%   YTD +10.60%   YTD +3.97%

Biggest Winners Arista Networks Inc +3.87%   DXC Technology Co +3.55%   Catalent Inc +2.92%   DR Horton Inc +2.87% Biggest Losers Norwegian Cruise Line Holdings Ltd -4.26%   Brown-Forman Corp -4.20%   Carnival Corp -3.13%   Valero Energy Corp -3.06%

Hottest ETF NYSE Market Volume

Key Market Stats Latest Today's Change Oil $76.49 -1.09 / -1.41% Gold $1,817.80 -2.20 / -0.12% 10-yr 3.98% +0.00 Euro $1.05 -0.00 / -0.02%

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