U. S. stocks fell on Tuesday, and the Dow squandered nearly three hundred issues as considerations about the speed of economic recovery rose amid slowing retail sales and emerging coronavirus cases.
Technology slows down Google, Amazon and Facebook, all down more than 1%, weighing on the broader S index
Federal Reserve Chairman Jerome Powell addressed a mayor of educators and academics earlier in the day. The central bank chief explained the Fed’s role in economic recovery and noted that the bank’s “powerful tools” have limits. fell 1. 1 percent to $617. 7 billion last month, the Census Bureau said Tuesday morning. Economists surveyed through Bloomberg had expected sales to fall 0. 2% to about $620 billion.
West Texas Intermediate crude fell 0. 88% to $66. 69 a barrel, while Brent crude, the benchmark oil index, fell 0. 58% to $69. 11 a barrel.
Gold slid 0. 28% to $1784 an ounce.