News Formal

Stock market today: S&P 500 set to build on record high with Powell on deck

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 25 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 63%

Jerome Powell Nyheter

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 as they waited for Federal Reserve chair Jerome Powell to speak. S&P 500 futures edged up 0.2%, while those on the tech-heavy Nasdaq 100 led the way higher with a 0.4% gain. Dow Jones Industrial Average futures were little changed. Stocks have ground out fresh all-time highs as signs of a US economic slowdown bolster bets on interest-rate cuts.

Testimony to the House follows the next day, setting the stage for a key update on consumer inflation on Thursday — all potential catalysts for stocks if they confirm a cooling. But a note of caution is seeping into the market as the idea of a summer pullback gets more backers, with Morgan Stanley strategist Mike Wilson calling for a 10% correction. Wall Street is getting cold feet about this coming earnings season, given the higher bar of expectations they face this time around.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 47. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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.
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »

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.
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »

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.
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »

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.
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »

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.
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »

Stock market today: Stocks edge higher 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.
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »