Stock Market Today: Safety-Seeking Investors Drive Stocks Higher
Defensive stocks and the Nasdaq were in rare alignment, leading the way Thursday as much of Wall Street watched Federal Reserve Chair Jerome Powell continue his economic tightrope walk.
A day after telling the Senate Banking Committee that a recession is "certainly a possibility," Powell told the House Financial Services Committee that "I don't think that a recession is inevitable" – but again stressed the importance of pushing inflation down to 2%.
