Nasdaq, S&P 500 set to open higher ahead of Powell testimony

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The Star 1w ago

Nasdaq, S&P 500 set to open higher ahead of Powell testimony - The Star

Quick Summary:

WALL Street was set to open higher on Tuesday, supported by new gains in semiconductor and megacap technology stocks, as investors awaited comments from Federal Reserve chair Jerome Powell for clues on the central bank's monetary policy path.

"The market is continuing on a bull run and, with the prospects of rate cuts, I believe may continue for a while," said WisdomTree senior economist Jeremy Siegel.

Investors are also awaiting the start of the second-quarter corporate earnings season this week.PepsiCo edged 0.2% higher ahead of its results on Thursday.