Stocks slip, oil dips below the $60 level ahead of Powell, Yellen remarks

U.S. stocks opened with modest losses as investors await testimony from Fed Chair Jerome Powell and Treasury Secretary Janet Yellen set for noon on Tuesday. Energy names tumbled as oil dropped below the $60 per barrel level, this as AstraZeneca shares also under pressure as concerns mount over the accuracy of its COVID-19 vaccine trial results data.

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