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Dow Jones Today Climbs on Bullish Comments from Fed Chair Jerome Powell

The Dow Jones today is climbing as Federal Reserve Chair Jerome Powell downplayed worries about market volatility and indicated the Fed would maintain gradual interest rate increases.

Dow futures are down 53 points after a choppy morning of trading ahead of the 8:30 AM release of testimony to Congress.

Here's a look at today's most important market events and stocks, plus a look at today's economic calendar...

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Why Berkshire Hathaway Bought Precision Castparts (NYSE: BRK.A) (NYSE: PCP)

This morning, investors are asking why Berkshire Hathaway bought Precision Castparts. The $37.2 billion deal is the largest purchase in Berkshire Hathaway Inc.'s (NYSE: BRK.A) history.

CEO Warren Buffett likes the company, and he also likely sees potential in the aerospace industry.

Here's everything else investors need to know about the deal...