U.S. stocks drifted slightly higher Tuesday, as investors await comments from Federal Reserve Chair Jerome Powell who is due to speak for the first time since Friday’s January jobs report caused traders to shift their interest-rate forecasts closer to the higher one he’s championed.What’s happening
The Dow Jones Industrial Average
DJIA,
-0.16%
is up 53 points, or 0.1%, to 33837.
The S&P 500
SPX,
+0.14%
gained 4 points, or 0.1%, to 4115.
The Nasdaq Composite
COMP,
+0.42%
is up 47 points, or 0.4%, to 11934.
On Monday, the Dow Jones Industrial Average
DJIA,
-0.16%
fell 35 points, or 0.1%, to 33891, the S&P 500
SPX,
+0.14%
declined 25 points, or 0.61%, to 4111, and the Nasdaq Composite
COMP,
+0.42%
dropped 120 points, or 1%, to 11887.
What’s driving markets Depending on Powell’s comments Tuesday, the Dow may avoid a fourth day losses, while the S&P and the Nasdaq Composite have closed lower the past two days. The central banker will be interviewed by David Rubinstein, the co-chairman of private-equity giant The Carlyle Group, at 12:40 p.m. at the Economic Club of Washington, D.C. “While he has remained tight-lipped at similar events in the past, Friday’s jobs release and the re …