U.S. stocks plummeted, the greenback jumped and the Treasury yield inversion hit its steepest mark in more than four decades on Tuesday as Federal Reserve Chairman Jerome Powell concluded the first day of his semi-annual, two-day monetary policy testimony before Congress. All three major U.S. stock indexes lost more than 1% at the close of a broad risk-off session as investors digested Powell’s prepared remarks, and his responses to questions from the Senate Banking Committee.
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