Stocks Recover as Data Storage Companies and Chip Makers Rally

Sunday evening, Fed Chair Powell said the Fed had been served grand jury subpoenas from the Justice Department late last Friday, threatening a criminal indictment related to his June congressional testimony on ongoing renovations of the Fed's headquarters. Powell said, "The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than the preferences of the president."Also, credit card companies and bank stoc ...