Finance

Dow up 500, retail sales roar back, waiting for Powell

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A person walks at the Wall Street subway stop in New York City.

Angela Weiss | AFP | Getty Images

U.S. equities surged on Tuesday, helped by a bevy of bullish news, including a historic jump in retail sales and positive data from a study in a coronavirus treatment. Stocks were also helped by reports that the Trump administration is preparing a $1 trillion infrastructure bill. Federal Reserve chair Jerome Powell testifies before Congress on Tuesday. 

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10:52 am: Powell says central bank not winding down balance sheet yet

“I don’t think that the balance sheet at anything like its current size presents any real threat to either inflation or…



Source cnbc.com

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