Beat the street: Powell; bond auction; Lyft, AMC; Disney
Investors eye Fed chair Jerome Powell's speech for further clues on interest rates. Investors are back on bond watch ahead of another key Treasury auction. Plus, earnings from Lyft, AMC and Disney.
(Partial Video Transcript)
Wall Street ticking up
Good afternoon. I'm Angeline Ong and welcome to this edition of beat the street. Not long now before Wall Street starts trading, this is how equity markets are looking, starting with Wall Street, which mirrors the Dow Jones Industrials, as you can see there, ticking slightly higher ahead of the Open.
Let's give you a minute chart there to give you a better indication of the direction of travel. Similar picture as well for the Tech 100, which mirrors the NASDAQ. I'll just bring that up for you right now. Here you go, US Tech 100. Also ticking slightly higher.
Will stocks rally on US 500 gains?
Changing direction as we wait on those remarks from Federal Reserve (Fed) chair Jerome Powell. This is the US 500 for you, as you can see there. It has seen quite stellar gains recently. The question now is whether or not stocks will rally. We don't just have Powell's speech.
We also have still-cautious comments from several bank officials, who, over the past few days, have kept investors on edge with Fed governor Michelle Bowman flagging the possibility of further rate hikes, given the strength of the US economy.
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