All three of the major averages were trading in record territory.
Voters headed to the polls in New Hampshire where a University of New Hampshire tracking poll for CNN released Sunday showed Bernie Sanders was in the lead with 28 percent of the vote. Former South Bend, Indiana Mayor Pete Buttigieg and former Vice President Joe Biden rounded out the top three at 21 percent and 12 percent, respectively.
Meanwhile, Powell will appear before the House Financial Services Committee to give his semiannual testimony where he will say the economy is very strong and that the central bank will keep rates on hold for the foreseeable future. Powell will also say the Fed is monitoring the impact of the coronavirus outbreak.
The latest figures released Tuesday show the death toll from the coronavirus has risen to at least 1,016, surpassing the total from the 2002-2003 SARS outbreak, and more than 42,638 have been infected globally.
Looking at stocks, Sprint and T-Mobile shares soared after a federal judge refused to block the $26 billion tie-up between the nation’s third- and fourth-largest wireless carriers.
Elsewhere, Slack Technologies was lower after the company downplayed a report out Monday that said IBM had signed up all 350,600 of its employees for the workplace messaging system. Read more at FOX Business