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Stock market today: S&P 500, Nasdaq futures edge up to put 9th day of wins in reach

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Jerome Powell Nouvelles

Federal Reserve

Markets are marking time as anticipation builds for Fed Chair Powell's speech at Jackson Hole, expected to usher in a rate cut.

Stocks on Wall Street hit pause on Tuesday after notching their longest rally this year, amid optimism that Jerome Powell will soon signal the Federal Reserve is open to deeper interest-rate cuts than previously expected.for central bankers at the end of the week.

U.S.-listed shares of the Guangzhou, China-based company rose about 2% in premarket trading as it reported an improvement in gross margin of 1.1 percentage points to 14% in the second quarter after technical improvements and revenue from its collaboration with Volkswagen Group.

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