About: http://data.cimple.eu/news-article/2eb502776db89c93d12594ae327ea0b3353d0cf6b597ab870ad56299

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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Gains by technology companies lifted the Nasdaq early Tuesday before congressional testimony from the head of the Federal Reserve and the US Treasury secretary. Semiconductor shares rose following good earnings from Micron, and large tech companies such as Amazon and Netflix also gained around one percent, offsetting worries stirred by higher coronavirus counts in many states. About 15 minutes into trading, the tech-rich Nasdaq Composite Index was up 0.6 percent at 9,937.54. The Dow Jones Industrial Average slipped 0.1 percent to 25,575.62, while the broad-based S&P 500 added 0.3 percent at 3,062.66. In prepared remarks ahead of the midday hearing, Fed Chair Jerome Powell said the US economy had begun rebounding faster than expected, but that the "path forward for the economy is extraordinarily uncertain" and depends on containing the coronavirus. The hearing comes as numerous states have suspended or rolled back steps to reopen the economy due to rising COVID-19 cases. Wells Fargo was down 0.2 percent and underperforming other large banks after it announced it would trim its dividend by an undisclosed amount from 51 cents per share. The large bank also said it expects "substantially higher" provisions for credit losses in the second quarter compared with the first quarter due to the economic hit from the coronavirus. Boeing plunged 5.4 percent after Norwegian Air Shuttle announced it cancelled an order for 92 Boeing 737 Max aircraft and five Dreamliners. The decline gave back some of the 14.4 percent the company gained on Monday as US air safety regulators undertook a long-delayed test flight of the 737 MAX, which has been grounded since March 2019 following two crashes. jmb/jm
schema:headline	Nasdaq opens higher ahead of Powell testimony
schema:mentions	United States Secretary of the Treasury S&P 500 Index 2001 Omsk An-70 crash Dividend Boeing 737 MAX Wells Fargo Dow Jones Industrial Average Lewis F. Powell Jr. Federal Reserve Prime Video Netflix Severe acute respiratory syndrome coronavirus 2 Coronavirus disease 2019 Norwegian Air Shuttle Jerome Powell NASDAQ Composite
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-06-30 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	68 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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