Stocks mostly higher on stimulus hopes but tech stumbles

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U.S. stocks opened mostly higher Tuesday with stimulus talks and a speech from Federal Reserve Chairman Jerome Powell on tap. The Dow Jones Industrial Average gained 66 points or 0.2%, to open near 28,217, while the S&P 500 was up 2 points to about 3,411. The Nasdaq Composite was 18 points, 0.2%, lower, near 11,315. Although House Speaker Nancy Pelosi reportedly told Congressional Democrats that talks over further fiscal stimulus are going slowly, they are continuing. Investors anticipate Powell’s speech will reinforce his belief that more fiscal aid is necessary to bolster the economy. Shares of tech giants like Facebook and Amazon.com Inc were lower after the bell after reports that a House panel wants to break up the companies.
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