NatalieLopez
6 Mar 24
Stock index futures are indicating a higher open on Wednesday as Fed Chairman Jerome Powell prepares to testify before the House Financial Services Committee. After a recent selloff, growth stocks rebounded strongly, with Nasdaq 100 futures leading the way.Investors await Powell's remarks following ...
Stock index futures are indicating a higher open on Wednesday as Fed Chairman Jerome Powell prepares to testify before the House Financial Services Committee. After a recent selloff, growth stocks rebounded strongly, with Nasdaq 100 futures leading the way.
Investors await Powell's remarks following the January Fed meeting, with market expectations reflecting a shift in sentiment about potential Fed rate cuts. However, concerns persist about what tacit messages Powell will convey. Meanwhile, rates rose after the previous day's slump, with additional economic data expected from ADP private sector employment and the January JOLTS report.
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