Both the S&P 500 and the tech-heavy Nasdaq notched record high closes in the previous session - the fifth consecutive record high for the benchmark index and...
- Futures for the S&P 500 and the Nasdaq gained on Wednesday as the most heavily weighted stocks rose in premarket trading , while markets awaited comments from Federal Reserve Chair Jerome Powell and key events later in the week for more direction.
Federal Reserve Chairman Jerome Powell said on Tuesday that the "U.S. was "no longer an overheated economy", supporting hopes that the central bank could start cutting interest rates in September.However, as expected, Powell refrained from committing to a timeline for rate cuts. He is slated to appear before the House Financial Services Committee later in the day for further questioning from lawmakers.
All the so-called "Magnificent Seven" stocks were trading higher before markets opened, with Meta Platforms, Apple and Microsoft gaining between 0.3% and 0.4%. At 5:52 a.m. ET, Dow e-minis were up 12 points, or 0.03%, S&P 500 e-minis were up 7.75 points, or 0.14%, and Nasdaq 100 e-minis were up 48.25 points, or 0.23%.
AI is effectively ‘useless’—and it’s created a ‘fake it till you make it’ bubble that could end in disaster, veteran market watcher warns
Premarket Trading Federal Reserve Nasdaq
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Markets today: S&P 500 rebounds with Nvidia shares turning higherStocks edged up in the final stretch of Wall Street trading, with a small group high-flying technology shares leading the way.
Read more »
Markets today: S&P 500 churns as megacap rally leaves Nvidia outStocks struggled for direction in the final stretch of a strong quarter that’s seen a small group high-flying technology shares lead the way.
Read more »
The S&P 500 and Nvidia, Chipotle stock split: Morning BriefIt's the middle of the week, but stocks aren't slowing down. The Morning Brief keeps investors informed on the latest market (^DJI, ^IXIC, ^GSPC) movements...
Read more »
Nvidia falls for third day, S&P 500 follows: Market TakeawayThe S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) fell from their record highs seen last week as Nvidia (NVDA) sank for its third session in a row, losing...
Read more »
Markets today: S&P 500 rebounds as all megacaps but Nvidia riseThe stock market wiped out earlier losses as several big tech names pushed higher, outweighing a slide in Nvidia Corp.
Read more »
Stock market today: S&P 500, Nasdaq slip from records as Nvidia dipsNvidia's record-breaking surge, which catapulted it to the title of world's most valuable public company, was set to continue.
Read more »