Powell talks coronavirus | Stocks hit highs | Job market cooling?

Stocks ended Tuesday slightly higher following congressional testimony from Federal Reserve Chairman Jerome Powell.

VIEW IN BROWSER | SUBSCRIBE TUE, FEB 11, 2020 EVENING BRIEF AS OF TUE, FEB 11, 2020 • 04:04 ET DJIA 29276.20 0.00% -0.62 S&P 500 3357.76 +0.17% +5.67 NASDAQ 9638.94 +0.11% +10.55   Most Active DOW NAME LAST CHG %CHG MSFT 184.44 -4.26 -2.26% AAPL 319.61 -1.94 -0.60% CSCO 49.13 +0.26 +0.53% S&P 500 NAME LAST CHG %CHG F 8.10 +0.04 +0.50% AMD 53.80 +1.54 +2.95% MSFT 184.44 -4.26 -2.26% NASDAQ NAME LAST CHG %CHG AMD 53.80 +1.54 +2.95% MSFT 184.44 -4.26 -2.26% MU 57.25 -0.08 -0.14% EDITOR'S NOTE Federal Reserve Chairman Jerome Powell told Congress on Tuesday that the effects of the coronavirus outbreak appear to be temporary.   "All of this happens in the context of a good, strong U.S. economy," he said, adding that the Fed continues to monitor the situation and that its outlook has remained the same through it all.   The market has already said as much, hovering around record highs amid a situation that remains uncertain.    Google searches for the term "coronavirus" have peaked, possibly indicating a decline in fear. The U.S. ranked 20th for "coronavirus" searches. Singapore, Canada and Australia made up the top three. Google is not accessible in China, where interest likely remains high.   Though the market appears to have discounted the global health emergency, some warn it isn't over.   "Coronavirus remains one of the biggest risks to the market at this point," Wilmington Trust's Meghan Shue told CNBC's "Trading Nation." "I don't think we know enough to know whether we're out of the woods as of yet."   Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. Al Lewis | CNBC Markets Editor @tellittoal TOP NEWS  S&P 500 and Nasdaq eke out fresh record closing highs Powell stresses that Fed is 'closely monitoring' coronavirus for hit to China and the world Job openings slide to a two-year low as labor market gets tighter Household debt jumps the most in 12 years, Federal Reserve report says Coronavirus live updates: Virus likely came from bats, CDC mix-up led to discharge of infected patient Here's why investors shouldn't compare the coronavirus outbreak to SARS Judge approves $26 billion merger of T-Mobile and Sprint Jeff Bezos has sold roughly $4.1 billion worth of Amazon shares in the past week FTC will examine prior acquisitions by Alphabet, Amazon, Apple, Facebook and Microsoft Roger Stone prosecutor quits after DOJ says it will cut Trump ally's recommended prison sentence     TOP VIDEO Fed Chair Jerome Powell delivers testimony to Congress   CNBC PRO Here's when to buy the coronavirus-related dip in cruise line stocks, Instinet says   SPECIAL REPORTS Why the coronavirus outbreak is 'one of the biggest risks to the market at this point' One biotech stock could be best bet in the race for curing coronavirus   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS