News Formal

Cramer: Fed chief Powell's rate cut signal is ushering in a 'new leg to the bull' market

  • 📰 CNBC
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Investors will be watching for any changes in tone from Powell during the Q&A session as he goes before back to Capitol Hill.

U.S. stock futuresahead of the Wall Street open after the S&P 500 on Wednesday briefly broke above 3,000 for the first time ever before finishing just shy of another record close.

Powell on Wednesday gave stocks a boost, bolstering the case for a rate cut later this month, in an appearance before the House Financial Services Committee. Investors will be watching for any changes in tone from Powell during the question and answer session as he goes before the Senate Banking Committee on Thursday.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Cramer has the most annoying voice on CNBC. His pronunciation is a cross between Sylvester the Cat and Urkel. Ugh... cant stand it!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European stocks seen slightly higher as investors await Powell testimonyEuropean stocks are seen slightly higher Wednesday as investors await a testimony from U.S. Federal Reserve Chairman Jerome Powell in the hope for hints on imminent interest rate cuts from the central bank.
Source: CNBC - 🏆 12. / 72 Read more »