Stock market risks rise as Powell's testimony and inflation data loom

From Investor’s Business Daily: 2024-07-07 15:04:29

Dow Jones futures, as well as S&P 500 futures and Nasdaq futures, will open tonight. Federal Reserve Chair Jerome Powell will testify before Congress this week, with inflation data also expected. JPMorgan Chase and other banks will start reporting earnings. In France, exit polls suggest a win for the left-wing New Popular Front in the final round of parliamentary elections. Stocks rallied last week, with S&P 500 and Nasdaq hitting new highs, but small caps slipped below a key level. Meta Platforms, Palantir Technologies, and ASML are in buy zones. In the cryptocurrency market, Bitcoin price dropped but rebounded slightly from a multimonth low.



Read more at Investor’s Business Daily: Dow Jones Futures: Stock Market Risks Rise As Fed Chief Powell Looms; Tesla, Palantir Strong