News Formal

Futures higher as megacaps, chip stocks rise ahead of Powell comments

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 56 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 40%
  • Publisher: 63%

Jerome Powell Nieuws

Semiconductor Stocks,Stock Index Futures,Congressional Testimony

The S&P 500 and the Nasdaq inched upwards to close at record highs on Monday, lifted by the rally in chip stocks as the Philadelphia semiconductor index rose...

- U.S. stock index futures rose on Tuesday, with megacap technology and semiconductor stocks set to prolong Monday's rally as investors waited to hear testimony from Federal Reserve chair Jerome Powell for clues on the monetary policy path.

Intel shares leapt 3.8% in premarket trading on Tuesday after gaining over 6% in the previous session, while AI-chip favorite Nvidia rose 1.1% and Marvell Technology was up 1.0%.Investors will scrutinize Powell's Congressional testimony later in the day to gauge how the central bank is assessing recent economic data that points to a slowdown in the labor market, amid other signs of potential economic weakness.

"The market is continuing on a bull run and, with the prospects of rate cuts, I believe may continue for a while," said WisdomTree senior economist Jeremy Siegel.Crucial inflation data is also due this week. Thursday's consumer price index and Friday's release of the producer price index will provide insight into whether inflationary pressures in the world's largest economy are easing.

Among single movers, shares of Tempus AI rose 3.9% after J.P.Morgan initiated coverage of the stock with an overweight rating. AI is effectively ‘useless’—and it’s created a ‘fake it till you make it’ bubble that could end in disaster, veteran market watcher warns

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 47. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

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.
Bron: YahooFinanceCA - 🏆 47. / 63 Lees verder »

Stock market today: S&P 500, Nasdaq futures steady near record highs as Wall Street gets bullishWall Street wondered if the bull rally that has roared through 2024 has more room to run.
Bron: YahooFinanceCA - 🏆 47. / 63 Lees verder »

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.
Bron: YahooFinanceCA - 🏆 47. / 63 Lees verder »

Stock market today: S&P 500 futures hold near record with June jobs data on deckInvestors are looking to the June jobs report for signs of more softening in the labor market that could lay the ground for rate cuts.
Bron: YahooFinanceCA - 🏆 47. / 63 Lees verder »

Stock market today: US futures tread water after S&P 500's record closeInvestors looked to fresh economic data for pointers on rate cuts as they got set for the July 4th closure.
Bron: YahooFinanceCA - 🏆 47. / 63 Lees verder »

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.
Bron: YahooFinanceCA - 🏆 47. / 63 Lees verder »