Market Snapshot: Dow pares gains in final hour of trade, after Powell says Congress may need to spend more to bolster economy

U.S. stocks are higher Tuesday, but off the best levels of the session, in the wake of testimony to Congress by Federal Reserve Chairman Jerome Powell who suggested more fiscal stimulus may be needed before the American economy can make a full recovery from the COVID-19 pandemic.

U.S. stocks are higher Tuesday, but off the best levels of the session, in the wake of testimony to Congress by Federal Reserve Chairman Jerome Powell who suggested more fiscal stimulus may be needed before the American economy can make a full recovery from the COVID-19 pandemic.