The major stock were higher Wednesday, with investors tuning into Federal Reserve Chairman Jerome Powell’s second day of testimony to Congress. The S&P 500 (SP500) was up +0.32%, Nasdaq Composite (COMP:IND) was up +0.63%, but the Dow Jones (DJI) was down -0.04%. The 10-year Treasury yield (US10Y) was flat atContinue Reading
FotografieLink/iStock via Getty Images Get ready for Day 2 of testimony from Fed Chair Jerome Powell. Fresh off an appearance before the Senate Banking Committee, the central bank leader will sit before the House Financial Services Committee, with many investors watching his every word on rates, the current environment, andContinue Reading
Bonnie Cash/Getty Images News The commercial property sector will likely remain stressed for years, Federal Reserve Chair Jerome Powell told the Senate Banking Committee on the first day of his semi-annual testimony to Congress. “It is a risk that has been with us and will be with us for someContinue Reading
Stock index futures rose Tuesday with Federal Reserve Chairman Jerome Powell set to present the semiannual report on monetary policy before the Senate. S&P 500 futures (SPX) +0.3%, Nasdaq 100 futures (US100:IND) +0.5% and Dow futures (INDU) +0.1%. The 10-year Treasury yield (US10Y) was unchanged at 4.29%. The 2-year yieldContinue Reading
Jul. 05, 2024 3:00 PM ETSPDR® S&P 500® ETF Trust (SPY)WMT, AAPL, AMZN, SON, JPM, C, PEP, CRM, CONN, HELE, ALK, CPA, FSS, GBX, ACLS, WFC, TSN, CAG, HLIO, WBD, DAL, SMCI, CNK, MGRC, PSMT, BCPC, ROCK, SSNLF, UAL, FCCN, META, MANU, BLBD, SEDG, UBER, ABNB, CVNA, WSC, CHWY, KRUS,Continue Reading
artoleshko Debt levels are a big worry, with both presidential candidates adding trillions to the national deficit during their first terms in office. It’s a problem because measures like tax increases and spending cuts are not popular with voters who only consider four years at a time, while it canContinue Reading
U.S. stocks on Tuesday struggled for traction, as market participants digested some conflicting signals. Strong labor market data countered dovish comments on inflation from Federal Reserve chair Jerome Powell. Wall Street’s three major averages have seesawed in the second trading session of H2 2024. The tech-heavy Nasdaq Composite (COMP:IND) wasContinue Reading
Kevin Dietsch/Getty Images News U.S. Federal Reserve chair Jerome Powell at a European Central Bank (ECB) event on Tuesday said that the latest readings on American consumer prices were showing signs of resuming a disinflation path. The policy discussion is taking place at the Forum on Central Banking in Sintra,Continue Reading
FeelPic Gold prices (XAUUSD:CUR) ticked lower on Tuesday, pressured by a firmer U.S. dollar index (DXY), while oil prices edged up on hopes of better demand during summer and rising geopolitical tensions. A strong dollar causes the gold price to rise in other currencies, leading to selling pressure, while higherContinue Reading
