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Wall Street Braces For Fed Chair Yellen

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U.S. stocks were set to open to the downside on Tuesday as Wall Street braces for Fed Chair Janet Yellen's Humphry-Hawkins testimony to the Senate Banking Committee, and after Michael Flynn's resignation put the first dent in the Trump presidency. Flynn stepped down as National Security Adviser as a result of his controversial dealings with Russia, sending the dollar lower overnight, and putting the stock market's record-setting rally at risk.

Coming up is the January producer price index, expected to increase 0.3% for the nominal and +0.2% for the core.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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