Stock Market Today: Volatility Picks Up After Powell Comments

Bed Bath & Beyond was one of the biggest movers today as bankruptcy buzz swirled.

Fed Chair Jerome Powell
(Image credit: Getty Images)

Stocks struggled for direction Tuesday as investors took in comments from Federal Reserve Chair Jerome Powell. 

The major benchmarks initially shrugged off early weakness to trade higher after Powell took the mic at the Economic Club of Washington D.C. And though the buying power briefly faded as the head of the central bank indicated there was more work to be done to bring down inflation, stocks found their footing by the close. 

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Karee Venema
Senior Investing Editor, Kiplinger.com

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at Kiplinger.com. She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.