The future securities contract for the US stock market is trading mostly flat on Wednesday, ahead of the latest testimony from Federal Reserve Chairman Jerome Powell before Congress, and investors are looking for clues about future monetary policy.
By 06:45 ET (10:45 GMT), the Dow Jones contract had increased by 15 points, or 0.1%, the S&P 500 contract had risen by 2 points, or 0.1%, and the Nasdaq 100 contract had declined by 10 points, or 0.1%.
Wall Street's main indices closed lower on Tuesday, erasing some of the strong gains from the previous week after the Fed paused its year-long interest rate hiking cycle.
The S&P 500 reached its highest level since April 2022 last week, and recorded its fifth consecutive positive week.
Federal Reserve Chairman Jerome Powell began a two-day testimony before Congress on Wednesday, speaking before the House Financial Services Committee, just one week after the US central bank paused its year-long interest rate hiking cycle following 10 consecutive rate hikes.
Economic data was mostly light on Wednesday, but US housing starts unexpectedly rose by 21.7% in May, the highest level since 2016, indicating that the housing sector is heading in the right direction to help boost economic
By 06:45 ET (10:45 GMT), the Dow Jones contract had increased by 15 points, or 0.1%, the S&P 500 contract had risen by 2 points, or 0.1%, and the Nasdaq 100 contract had declined by 10 points, or 0.1%.
Wall Street's main indices closed lower on Tuesday, erasing some of the strong gains from the previous week after the Fed paused its year-long interest rate hiking cycle.
The S&P 500 reached its highest level since April 2022 last week, and recorded its fifth consecutive positive week.
Federal Reserve Chairman Jerome Powell began a two-day testimony before Congress on Wednesday, speaking before the House Financial Services Committee, just one week after the US central bank paused its year-long interest rate hiking cycle following 10 consecutive rate hikes.
Economic data was mostly light on Wednesday, but US housing starts unexpectedly rose by 21.7% in May, the highest level since 2016, indicating that the housing sector is heading in the right direction to help boost economic
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