TOKYO – Stocks wobbled in morning trading on Wall Street Tuesday ahead of Federal Reserve Chair Jerome Powell’s testimony before the Senate Banking Committee.
The S&P 500 was up 0.2%. The Nasdaq composite was up 0.4%, and the Dow Jones Industrial Average slipped 118 points, or 0.3% as of 9:51 a.m. Eastern.
Consumer goods company Helen of Troy, which makes Osprey and OXO products, sank 30% after posting first-quarter results that fell far short of forecasts.
Treasury yields rose slightly in the bond market. The yield on the 10-year Treasury note edged up to 4.29% from 4.28% late Monday.
Powell’s testimony this …