Dow falls 300 points after Powell signals Fed will keep raising rates to contain inflation

U.S. stocks traded lower Tuesday after testimony from new Federal Reserve Chair Jerome Powell, who believes inflation is moving toward 2 percent.

DJIA 25,409.62 -1.17% -299.65 S&P 500 2,744.28 -1.27% -35.32 NASDAQ 7,330.35 -1.23% -91.11 MOST ACTIVE DOW NAME LAST CHG % CHG GE 14.50 -0.15 -1.02% INTC 49.91 +0.80 1.63% AAPL 178.39 -0.58 -0.32% S&P 500 NAME LAST CHG % CHG GE 14.50 -0.15 -1.02% BAC 32.33 -0.09 -0.28% CMCSA 36.66 -2.92 -7.38% NASDAQ NAME LAST CHG % CHG CMCSA 36.66 -2.92 -7.38% MU 48.58 +0.60 1.25% INTC 49.91 +0.80 1.63% Quotes as of 2/27/2018 4:09:26 PM ET TOP NEWS Dow falls 200 points after Powell signals Fed will keep raising rates to contain inflation Walgreens and AmerisourceBergen deal talks have cooled as takeover looks unlikely Comcast challenges Murdoch's Fox with $31 billion offer to buy broadcasting group Sky How Kentucky bourbon, Harley-Davidsons and other US products could be targets in a spat over tariffs The White House cuts $3.9 billion deal with Boeing for two new Air Force Ones Trump names 'digital guru' Brad Parscale campaign manager for 2020 re-election bid Macy's ended last year on a high note and takes that momentum into 2018 Apple is launching medical clinics to deliver the 'world's best health care experience' to its employees American's planes are getting a makeover in a bid to drive revenue higher Home prices surge 6.3% in December amid critical housing shortage Analyst Dana Telsey says Macy's big earnings are a 'turning point' for retail TOP VIDEO Powell: I do expect to see more increases in wages in the next year or so In front of the House Financial Services Committee, Federal Reserve Chair Jerome Powell answers questions from Rep. Trey Hollingsworth (R-Ind.) SPECIAL REPORTS Don't overlook the risk that comes with your employee stock options Apple's surprising metals move signals it's time for controversial buy on commodities Feedback We value your input—use our simple form to let us know what you think. Click here for Real-Time data and top stories on your desktop or mobile device. Send this email to a friend Unsubscribe Advertise More Newsletters Digital Products © 2018 CNBC Inc. All Rights Reserved. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632

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