Market Snapshot: U.S. stocks end higher, extending rebound as Fed’s Powell testified

U.S. stocks finish higher Tuesday, building on Monday’s sharp rebound from last week’s losses, as Federal Reserve Chair Jerome Powell reiterated his view that higher inflation will be transitory as the economy slowly works its way out of the pandemic this year.

U.S. stocks finish higher Tuesday, building on Monday’s sharp rebound from last week’s losses, as Federal Reserve Chair Jerome Powell reiterated his view that higher inflation will be transitory as the economy slowly works its way out of the pandemic this year.