By Chris Matthews, MarketWatch
Follow along with MarketWatch for a live blog of Tuesday’s confirmation hearings for President Joe Biden’s nominees to head the Securities and Exchange Commission and the Consumer Financial Protection Bureau.
Gary Gensler, Biden’s choice to lead the SEC, and Rohit Chopra, his pick for the CFPB, are darlings of the progressive wing of the Democratic Party, lauded for their willingness to impose tough regulations on financial services firms. They’re appearing before the Senate Banking Committee in a hearing that began at 10 a.m. Eastern.
U.S. stocks /zigman2/quotes/210598065/realtime DJIA +0.48% /zigman2/quotes/210599714/realtime SPX +0.36% /zigman2/quotes/210598365/realtime COMP +0.10% on Tuesday drifted lower, a day after major indexes put in their best daily gains in months as global bond yields halted their rapid and unsettling rise. Read more from MarketWatch.