Tech leads way to Wall Street rebound as Jerome Powell promises steady hand

Led by the tech-heavy Nasdaq Composite, Wall Street closed Tuesday higher, bouncing back from a sell-off set off last week by a Fed policy update that suggested officials believed rates would rise more quickly to counter rising inflation.

Jun 23, 2021 - 08:05
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Tech leads way to Wall Street rebound as Jerome Powell promises steady hand
Led by the tech-heavy Nasdaq Composite, Wall Street closed Tuesday higher, bouncing back from a sell-off set off last week by a Fed policy update that suggested officials believed rates would rise more quickly to counter rising inflation.
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