Stocks Close at Session Lows Tuesday; After a Disappointing Report on Moderna Vaccine

May 19, 2020
Stocks closed at session lows on Tuesday, as markets saw losses accelerate in the final hour of trading. Meanwhile, Treasury Secretary Steve Mnuchin and Fed Chair Jerome Powell defended their Coronavirus relief measures in front of lawmakers at Tuesday's virtual Senate hearing. Chris Campbell, Chief Strategist at Duff & Phelps Institute who also worked under Mnuchin as Assistant Treasury Secretary For Financial Institutions, discussed his takeaways from the hearing and what the economy could look like going forward.
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