Stocks were rising at record levels in midday trading Tuesday as Fed Chairwoman Janet Yellen testifies before Congress. The Dow and the S&P 500 are at new highs. The Nasdaq is also in positive territory. Consumer confidence fell more than expected in February. The Conference Board’s reading fell to 96.4 from 103.8 in January. Earnings results are driving investors away from Macy’s (M). The department store missed analysts’ Q4 estimates but beat on revenue. Micron Technology (MU) is sharply lower after a Korean newspaper reported that Apple (AAPL) has reached a deal with rival Samsung Electronics to supply chips for its new smartphones. Shares of Apple are furthering small gains at its record high.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
