S&P 500 ends slightly higher ahead of Powell testimony, upcoming data

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By SinĂ©ad Carew and Bansari Mayur Kamdar (Reuters) – The S&P 500 made little progress on Monday, closing slightly lower than its session high as U.S. Treasury yields pulled higher with investors braced for this week’s testimony from Federal Reserve Chair Jerome Powell and the February jobs report. Earlier in the session the indexes looked much stronger with the Nasdaq up more than 1% at one point before gradually losing its gains. The biggest boost had come from iPhone maker Apple Inc after Goldman Sachs initiated coverage with a “buy” rating. But equities gave up earlier gains as yields on U….

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