Stocks Rebound as Traders Buy Back in Before Fed Testimony

Stocks Rebound as Traders Buy Back in Before Fed Testimony
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, on Jan. 10, 2022. Brendan McDermid/Reuters
Reuters
Updated:

LONDON—Global stocks recovered some of their recent losses on Tuesday and government bond yields retreated as investors bought back into riskier assets ahead of the appearance of U.S. Federal Reserve Chair Jerome Powell before the Senate Banking Committee.

Investors hope Powell will provide more clues to the timing of expected policy tightening when he appears before the committee, followed by a hearing with vice chair nominee Lael Brainard on Thursday.