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6/22, 3:30 PM (Source: TeleTrader)
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Wall Street opens flat ahead of Powell's hearing

Major stock markets in the United States stood flat at the opening bell on Tuesday ahead of a congressional hearing of Federal Reserve Chair Jerome Powell.

Meanwhile, the negotiations between the Democrats and the GOP on the infrastructure bill continued, with the main concerns surrounding the funding of President Biden's infrastructure package.

The Dow Jones dropped 0.10% at the open, while the Nasdaq 100 and the S&P 500 traded flat. Splunk was outperforming on the Nasdaq by surging as much as 7.93%. The euro lost 0.12% against the dollar at 9:34 am ET to trade for 1.19050.

Breaking the News / ND