News Formal

Stock market today: S&P 500 set to build on record high as Powell kicks off semiannual testimony

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 21 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 63%

Jerome Powell Notizia

Nasdaq Composite,Federal Reserve,Economic Slowdown

Jerome Powell will shed light on the Fed's picture of the economy as he gives a policy update to the Senate.

US stocks were poised to resume their record-setting climb on Tuesday, as investors assessed concerns about a pullback while Federal Reserve chair Jerome Powell kicked off his semiannual update to Congress. The S&P 500 edged up about 0.1% after the index booked its 35th record close of the year on Monday, while the tech-heavy Nasdaq Composite led the way higher with a roughly 0.3% gain following its own record close the day prior.

In prepared remarks, the central bank leader said he's encouraged by evidence of cooler inflation, but that the Fed still needs more "good data" to be confident that inflation is moving towards its 2% target. Powell will appear before the House on Wednesday, setting the stage for a key update on consumer inflation on Thursday — all potential catalysts for stocks if they confirm a cooling.

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 47. in İT
 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Stock market today: S&P 500 set to build on record high with Powell on deckJerome Powell will shed light on the Fed's picture of the economy as he gives a policy update to the Senate.
Fonte: YahooFinanceCA - 🏆 47. / 63 Leggi di più »

Stock market today: S&P 500, Nasdaq eke out fresh records with Powell on deckA consequential week that could provide key signals for the near-term path of interest rates.
Fonte: YahooFinanceCA - 🏆 47. / 63 Leggi di più »

Stock market today: S&P 500, Nasdaq eye fresh records as Powell notes inflation progressInvestors cautiously weighed the rate-cut odds ahead of crucial June jobs data, with Powell comments on deck.
Fonte: YahooFinanceCA - 🏆 47. / 63 Leggi di più »

Stock market today: Stock futures steady as S&P 500, Nasdaq try to build on recordsA consequential week that could provide key signals for the near-term path of interest rates.
Fonte: YahooFinanceCA - 🏆 47. / 63 Leggi di più »

Stock market today: S&P 500, Nasdaq hover near records as Nvidia becomes most valuable stockTechs are continuing to lead an AI-driven rally that investors simply can't afford to miss out on.
Fonte: YahooFinanceCA - 🏆 47. / 63 Leggi di più »

Stock market today: Stocks wobble as S&P 500, Nasdaq try to build on recordsA consequential week that could provide key signals for the near-term path of interest rates.
Fonte: YahooFinanceCA - 🏆 47. / 63 Leggi di più »