Dow snaps 3-day slide, stocks kick off week with gains as Yellen calls for more fiscal aid MarketWatch 1/19/2021
MARKET SNAPSHOT
U.S. stocks rose Tuesday, with technology stocks leading gains, as Janet Yellen in her Senate confirmation hearing called for more fiscal aid for the pandemic-battered economy.
Investors also prepared for the inauguration of President-elect Joe Biden on Wednesday and watched a stream of fourth-quarter earnings.
On Friday, stocks closed lower for the day and week, with the Dow posting a weekly loss of 0.9%, the S&P 500 and Nasdaq Composite both fell 1.5% on the week. However, the small-capitalization Russell 2000 index posted a weekly gain of 1.5%.
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