The broad S&P 500 index fell as much as nearly 1% earlier in the session before recouping all of that and more, rising 20.38 points, or 0.5%, to 3909.52. Key BackgroundTestifying before a House committee on Tuesday, Federal Reserve Chair Jerome Powell told lawmakers that the worst of the economic crisis was avoided thanks to swift and vigorous action from Congress and the Federal Reserve, praising both the aggressive stimulus spending and accommodative monetary policy that helped lift the market to new highs during the pandemic. The Dow Jones Industrial Average (.DJI) fell 3.09 points, or 0.01%, to 32,420.06. Wells Fargo & Co (WFC.N)sharesjumped 2.5% after the lender said it had a prime brokerage relationship with Archegos Capital and that it no longer had any exposure and did not experience any losses. Reporting by Caroline Valetkevitch in New YorkOur Standards: The Thomson Reuters Trust Principles.
The Dow Jones average is unable to gains as much as 1800.42.75.
( z0 possible :ARG1 ( z1 gain :ARG0 ( z2 thing :name ( z3 name :op "Dow" :op "Jones" ) :ARG2-of ( z4 average ) ) :ARG1 ( z5 as-much-as :op 1800.42.75 ) ) :polarity - )
(z0 / possible-01
    :ARG1 (z1 / gain-02
              :ARG0 (z2 / thing
                        :name (z3 / name
                                  :op1 "Dow"
                                  :op2 "Jones")
                        :ARG2-of (z4 / average-01))
              :ARG1 (z5 / as-much-as
                        :op1 1800.42.75))
    :polarity -)
The Dow Jones average is unable to gains as much as 1800.42.75 .
z3 :op1 2
z2 :name z3
z3 :op2 3
z2 :ARG2-of z4
z0 :polarity 0
z0 :ARG1 z1
z1 :ARG0 z2
z1 :ARG1 z5
z5 :op1 1