Index Comp: House Ways and Rate Increases

index comp: The Nasdaq Composite Index COMP, -0.29% held onto gains to edge up 5.21 points to 7,554.51, according to Market Watch. What drove the market Trade representative Lighthizer and the Fed's Powell delivered remarks and took questions before Congress against the backdrop of a volatile geopolitical developments. How did stock indexes fare The Dow Jones Industrial Average DJIA, -0.27% dropped 72.82 points, or 0.3%, to 26,985.16, and the S&P 500 index SPX, -0.28% fell 1.52 points to 2,792.38. Powell testified in front of the House, a day after he affirmed the central bank's wait-and-see approach to rate increases, citing slower global growth and its effect on the U.S. Lighthizer appeared before the House Ways and Means Committee on U.S.-China trade to provide more insight into the progress of negotiations between the world's two largest economies. Meanwhile, Michael Cohen, President Donald Trump's former personal lawyer, provided an account of what he claims is Trump's criminal conduct during testimony before a House committee. He also said the U.S. plans to officially abandon an increase in tariffs on 200 billion of Chinese goods to 25%, from 10% currently. (news.financializer.com). As reported in the news.