Bank Sp500 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

By Joe Wallace and Michael Wursthorn
Stocks rebounded Tuesday after Federal Reserve Chairman Jerome Powell signaled that an interest-rate increase from the central bank isn t imminent, easing some concern over rising bond yields.
Major stock indexes turned positive in late-afternoon trading after Mr. Powell told lawmakers that inflation remains soft, tamping down recent fears of a policy shift by the central bank following a spike in bond yields.
Earlier in the session, the tech-heavy Nasdaq Composite Index dropped as much as 4% and investor favorites including Tesla and Moderna logged double-digit losses. Portfolio managers said the moves marked a rotation out of the high-growth favorites of the past year and into more economically sensitive stocks such as banks and manufacturers. ....

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