Nasdaq pares some losses, Dow Jones closes stable

The main US stock indices closed stable on Tuesday, and pared their early losses earlier, but Nasdaq suffered from a broad sell-off move.

Federal Reserve Chairman Jerome Powell stated during his Senate hearing that inflation and employment are still far from the Fed's targets.

Powell had stressed before that the US economy's recovery had moderated and employment slowed during the past few months, but expressed optimism about a return to recovery in tandem with vaccination.

To the oil market, WTI April futures fell 0.1% or 3 cents, and closed at $61.67 a barrel, after hitting a day high at $63 and a low at $60.6.

Brent April futures rose 0.2% or 13 cents, and closed at $65.37 a barrel, after hitting a high of $66.7 and a low of $64.4.

As for stocks, Dow Jones rose by less than 0.1% or 15 points, and closed at 31537 points, with a high of 31653 points and a low of 31153 points.

S&P 500 rose 0.1% or 15 points to 3881 points, after hitting a high of 3895 and a low of 3805 points.

Nasdaq fell by 0.5% or 67 points to 13465 points, with a high of 13526 points and a low of 13003 points.