- U.S. stocks wobbled Wednesday as investors parsed a second day of congressional testimony from Federal Reserve Chair Jerome Powell.
- The S&P 500 climbed 0.1%, while the Nasdaq Composite increased 0.4% and the Dow Jones Industrial Average slipped 0.2%.
- Powell said the Fed is prepared to speed up the pace of interest-rate increases if inflation and the labor market don’t cool down.
- The U.S. private sector added 242,000 jobs in February according to the ADP employment report.
- The most important near-term indicator for gauging the health of the jobs market will be Friday’s nonfarm payrolls report.
Stocks Wobble as Jerome Powell Returns to Congress
Deeply inverted yield curve flashes recession signal
Anna Hirtenstein and
