Powell cautions on inflation

(Closes): The Dow Jones Industrial Average was down 0.8 percent at 30,287.75. The S&P 500 fell 0.6 percent to 3,740.54. The tech-heavy Nasdaq Composite Index fell 0.5 percent to 11,019.80. US stocks dipped, reversing some of the previous session’s gains, as markets awaited the Federal Reserve chairman’s testimony on inflation and monetary policy. In prepared … Read more