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Stocks Rebound Following Encouraging Fed Chair Testimony

U.S. stocks jumped before Wednesday's close after Federal Reserve Chair Jerome Powell delivered his highly-anticipated testimony to Congress. He confirmed his stance that interest rate cuts are likely this year, explaining: "If the economy evolves broadly as expected, it will likely be appropriate to...

Tech Stocks Lift U.S. Futures Higher

U.S. stock futures rose during early trading on Wednesday, with tech stocks leading the drive as they rebounded from a mass sell-off. This comes as investors brace for the testimony of Federal Reserve Chair Jerome Powell before Congress, where he is expected to provide...

S&P 500, Nasdaq Hit New Records in Winning Week

The S&P 500 and Nasdaq Composite indexes closed at new record levels on Friday, thereby capping off a winning week fueled by a tech rally as well as a PCE inflation reading that came in cooler than feared. The S&P 500 hit a new...

PCE Inflation Report Threatens to Delay Fed Rate Cuts

Investors are bracing for the release of the Personal Consumption Expenditures (PCE) report on Thursday, with markets concerned that hotter-than-expected inflation data could further delay the Federal Reserve's introduction of interest rate cuts. Core PCE is set to come in at 2.8% for the...

PCE Index Expected to Rise By Most in a Year

The personal consumption expenditures (PCE) price index, known to be the Federal Reserve's preferred inflation gauge, is expected to rise at its quickest pace in over a year. The PCE is forecasted to show a 0.4% rise from the previous month; only the second...

U.S. Futures Fall Ahead Of Nvidia Earnings

U.S. futures slipped early Wednesday as investors awaited the quarterly earnings report from chipmaker Nvidia Corporation. Contracts listed on the tech-heavy Nasdaq 100 slipped by as much as 0.4%, while those on the S&P 500 fell 0.2%. Futures on the Dow Jones Industrial Average...