Nasdaq tumbles 2%, SP 500 drops 1% ahead of Jerome Powell, Janet Yellen hearing

Nasdaq tumbles 2%, SP 500 drops 1% ahead of Jerome Powell, Janet Yellen hearing The broad-based SP 500 dropped 1.1 percent to 4,396.58, while the tech-rich Nasdaq Composite Index tumbled 1.7 percent to 14,718.52.

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