Stocks fight to gain altitude as investors watch Powell’s Senate testimony, weigh data

It is the best start for the stock market in 32 years by one measure—so why is Wall Street so uneasy?In testimony before the Senate Banking Committee Tuesday, Powell said that “some [economic] data have softened,” of late, helping to justify the central bank’s decision to take a breather from further rate hikes, after raising rates four times in 2018.

As the hearings progress, lawmakers are expected to seek more insights on the state of economic expansion in the U.S. and the policy strategy for the Fed going forward. Home-price appreciation also slowed in December to 4.7% annually, down from 5.1% in November, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index, the slowest pace since August of 2015., rising for the first time in four months, as the Conference Board’s consumer confidence index rose to 131.4, up from 121.7 in January. Economists polled by MarketWatch had forecast a 124.7 reading.

Who chose this picture?

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stocks fight for traction following Powell’s Senate testimonyU.S. stocks on Tuesday struggle for direction, weaving in and out of positive territory, as Federal Reserve Chairman Jerome Powell reiterated the central bank’s wait-and-see approach in congressional testimony. Market Will be fine Get down, get down. The DOW will down
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

Stocks making the biggest moves midday: Walmart, PG&E, HSBC & moreThese are the stocks posting the largest moves midday Tuesday.
La source: CNBC - 🏆 12. / 72 Lire la suite »

A drop in U.S. stocks may be fast and furious, according to Elliott Wave theoryA drop in U.S. stocks may be fast and furious (via AviGilburt) AviGilburt Or not...
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

Stocks in Asia poised to trade higher; yuan jumpsTrump said Tuesday that trade talks with China are going well, adding the current March deadline is not a 'magical date.' A report also said the U.S. is requesting that China keep the yuan stable as part of the trade deal.
La source: CNBC - 🏆 12. / 72 Lire la suite »

Kellogg stocks up on Pringles, cereals for fear of 'hard Brexit'As the possibility of a no-deal Brexit looms, Kellogg Co is taking measures to p... Oh sod off 😖 No Pringles? Oh God NO! Not that! If any Brits want American junk food after Brexit I can ship them some for a small fee. We have plenty to spare.
La source: Reuters - 🏆 2. / 97 Lire la suite »

Stocks eke out gains on U.S.-China trade hopes, Walmart earnings
La source: MarketWatch - 🏆 3. / 97 Lire la suite »