US stocks rise after Biden taps Powell for a new Fed term - NewsBreak

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By Sain in Business
Updated 2 years ago

Stocks mostly rose in afternoon trading on Wall Street Monday as investors head into a holiday-shortened week with reassurance about leadership at the Federal Reserve. The S&P 500 rose 0.4% as of 1:07 p.m. Eastern. The Dow Jones Industrial Average rose 208 points, or 0.6%, to 35,810 and the Nasdaq fell 0.6%. Bond yields moved […]