Powell: inflation expectations in range consistent with Fed's goals; U.S. June PPI ex-food, fuel rise 5.6% Y/Y; est. 5.1% S&P 500, Nasdaq set intraday records before closing lower; Capuano: some changes to last past pandemic (FB), Stocks jump despite hot PPI data; BOFA struggles with tepid loan income S&P 500 hits record high; BOA, CITI, Wells Fargo report earnings (UP), Wheels up listing on NYSE CEO Kenny Dichter on outlook & growth (AAPL), Affirm-ation for Apple... Wall Street bullish on stock; EU unveils carbon neutral plan Former Amazon studios exec on streaming stock winners; Blackrock workers get 8% raise Powell: GDP on track for fastest growth in decades; Awaiting Powell testimony Powell: reckless lending not taking place in housing market; CCMP, Powell: problem of affordable housing is big Powell: Fed's overall policy stance appropriate; CCMP, Powell: problem of affordable housing is big, outside FED ambit Fed Chair Powell testifies before house financial services committee Fed chair Powell testifies before house financial services committee (XOM), (CVX), (COP), (BP), Powell: in good position to move as appropriate no matter which way things go Powell: won't take forever to see whether higher inflation is transitory Russell 2K lower for 2nd-straight day; BOFA struggles with tepid loan income as consumers shun debt Moynihan on elevated trading since pandemic; Moynihan: digital helps expand branch franchise efficiently Airlines grounded; Wells Fargo 2Q EPS, rev. beat est. (AIG), AIG jumps on partnership with Blackstone; U.S. housing gaps widen (AAPL), Apple reportedly asking suppliers to ramp up iPhone production; Chicago looks to tap tech companies The Dow and S&P 500 finished higher today while the Nasdaq edged lower 
