Wall Street is gearing up for Fed Chair Jerome Powell's testimony to the Congressional Joint Economic committee later today
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| | 11/13/2019 | |
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Dow Futures Point Lower Ahead of Powell Speech | By Lillian Currens | | Dow futures are trading nearly 88 points below fair value this morning as investors look ahead to Fed Chair Jerome Powell's testimony later today before the Congressional Joint Economic Committee, just weeks after the Federal Open Market Committee (FOMC) once again cut interest rates in October. Wall Street is also continuing to keep an eye on U.S.-China trade relations, after a Wall Street Journal report said the two sides have come to a standstill, as they decide on whether preexisting tariffs or only upcoming duties should be cancelled. Elsewhere, the Nasdaq and S&P are both pointing to opening losses as well, retreating from yesterday's record highs. Continue reading for more on today's market, including: | >> Continue reading... | |
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