Big Tech leads stocks higher as Fed Chairman Powell testifies on coronavirus recovery

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Big Tech leads stocks higher as Fed Chairman Powell testifies on coronavirus recovery

U.S. equity markets rallied Tuesday morning as traders awaited testimony from Federal Reserve Chairman Jerome Powell amid growing concerns of a new wave of coronavirus infections in Europe. The Dow Jones Industrial Average gained 37 points, or 0.14%, in the opening minutes of trading while the S&P 500 and the Nasdaq Composite were up 0.51% and 0.8%, respectively. The early advance has the major averages on track to snap their four-day losing streak.

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