REUTERS: The S&P 500 rose in choppy trading on Tuesday as investors marked time ahead of remarks from Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen for clues about their tolerance for higher bond yields.
"We've seen a very quick movement in on mostly fears around inflation and the market is taking a pause here over the last week," said Jon Adams, senior investment strategist at BMO Global Asset Management in Chicago. At 11:35 a.m. ET, the Dow Jones Industrial Average fell 26.42 points, or 0.08per cent , to 32,704.78, the S&P 500 gained 5.38 points, or 0.14 per cent, to 3,945.97 and the Nasdaq Composite gained 1.40 points, or 0.01 per cent, to 13,378.94.
Shares of GameStop Corp dropped 3.4per cent ahead of its fourth-quarter results due after markets close. The videogame retailer announced the exit of its chief customer officer in the latest sign of a broader overhaul into an e-commerce firm.ViacomCBS Inc tumbled about 8per cent after the media firm launched US$3 billion stock deals to raise capital for investments in streaming.
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