2024-07-09 15:08:54
Markets
Stocks
Economy

Stock Market Sets New Records as Investors Await Powell's Testimony

The stock market continues its record-setting climb as investors eagerly await Federal Reserve chair Jerome Powell's testimony to Congress. The S&P 500 and Nasdaq Composite have reached new highs, but concerns about a potential summer pullback and high expectations for the upcoming earnings season are causing some caution.

Investors are also questioning the recent rally in AI-linked stocks. Meanwhile, European stocks are set to open lower as investors await Powell's testimony for clues on the US interest-rate outlook.

Despite the positive performance of US stock markets, the German DAX remains cautious ahead of Powell's hearing. Additionally, there are warnings of a potential 10% correction in the US stock market, with analysts citing concentrated gains in tech stocks and overvaluation as factors.

Overall, the stock market's performance in the coming weeks will be closely tied to Powell's statements on monetary policy and the performance of tech giants during the earnings season.

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Yahoo Finance
9. Juli 2024 um 13:32

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

Finance
Economy
Technology
Environment
US stocks are poised to continue their record-setting climb as investors await Federal Reserve chair Jerome Powell's testimony to Congress. The S&P 500 and Nasdaq Composite have hit new highs, but a note of caution is emerging due to concerns about a potential summer pullback and the high expectations for the upcoming earnings season. Investors are also questioning the recent rally in AI-linked stocks. Corporate news includes BP warning of a refining slump and Novo Nordisk's weight-loss drug Wegovy losing out to Eli Lilly's Mounjaro.
Stock Market Breaking News by Wall Street Experts - TheStreet
11. Juli 2024 um 10:15

Stock Market Today: Stocks extend record run with Powell in focus TheStreet Daily Newsletter

Finance
Economy
Technology
U.S. equity futures moved higher as investors await Federal Reserve Chairman Jerome Powell's testimony before the Senate Banking Committee. Powell is expected to reiterate the Fed's view that more data is needed before cutting interest rates. The stock market is set to extend its record run at the opening bell, with the S&P 500 and Nasdaq expected to gain. Stocks on the move include Intel, which has bounced over 10% in the past four sessions.
Yahoo Finance
9. Juli 2024 um 10:26

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

Finance
Technology
Economy
U.S. stock index futures rose on Tuesday, with megacap technology and semiconductor stocks set to extend Monday's rally as investors await Federal Reserve chair Jerome Powell's testimony for clues on monetary policy. Chip stocks and AI-linked stocks have been driving the market's record highs, offsetting economic uncertainty. Investors will scrutinize Powell's comments for signs of a dovish stance amid signs of economic slowdown.
Yahoo Finance
9. Juli 2024 um 14:00

Stock Market Today: Dow Jones Rises Ahead Of Powell Testimony; Netflix, Nvidia Get Price Hikes | Investor's Business Daily

Finance
Economy
Technology
Dow Jones futures rose along with other major stock indexes as investors await testimony from Federal Reserve Chairman Jerome Powell. Netflix and Nvidia saw price-target hikes from Wall Street, with Netflix stock extended past a buy point and Nvidia stock sharply above an alternative buy point. Investors will be looking for clues on when the Fed plans to cut interest rates from Powell's testimony.
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