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Stock market slides as investors prepare for Lighthizer, Powell testimonies

February 27, 2019

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U.S. stock benchmarks retreated modestly Wednesday as investors looked forward to testimony from U.S. Trade Representative Robert Lighthizer before Congress on the topic of U.S.-China trade negotiations.

Also on traders radar will be the second-straight day of Congressional hearings featuring Federal Reserve Chair Jay Powell, who on Tuesday affirmed a wait-and-see approach to interest-rate changes in front the Senate Banking Committee, as well as reports of escalating violence between India and Pakistan, which rattled global markets overnight.

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