S&P 500 Slips From Record as Banks Kickoff Earnings Season; Powell Eyed
- Date: 14-Jul-2021
- Source: Investing.com
- Sector:Financial Services
- Country:Middle East
S&P 500 Slips From Record as Banks Kickoff Earnings Season; Powell Eyed
By Yasin Ebrahim
Investing.com – The S&P 500 closed lower Tuesday, as banks fell even as quarterly results surprised to the upside, while data showed inflation continues to run at its hottest pace in decades ahead of Federal Reserve chairman Jerome Powell's testimony on Wednesday.
The fell 0.3%, after hitting a record high of 4,392.30 earlier in the day. The slipped 0.3%, or 107 points, though had notched a intraday record of 35,018.79. The Nasdaq was down 0.4%, easing from its intraday record of 14,803.70.
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