Stocks fell on Tuesday after the market scored its best session in 6 weeks on Monday on rising optimism about a coronavirus vaccine. Here's how the major averages performed: - The Dow fell 390 points. - The S&P 500 lost 1.05%. - The Nasdaq fell .54%.
Bank shares fell broadly on Tuesday. Wells Fargo dropped 5.8% while Bank of America and Citigroup slid more than 2.7% each. JPMorgan dropped nearly 2%. Those losses came on the back of strong gains from Monday's session.
testified before the Senate Banking Committee. Their testimony was part of required updates to Congress on the economic response to the coronavirus pandemic." on coronavirus business bailouts. That testimony comes after Powell told CBS' "60 Minutes" the central bank still has plenty of ammunition to support the economy.
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