Trading is muted ahead of Federal Reserve Chairman Jerome Powell's testimony to the Senate on Tuesday, due to commence at 10 a.m. Eastern.
U.S. stock futures were a touch firmer on Tuesday, though trading was muted ahead of testimony by Federal Reserve Chairman Jerome Powell.
How are stock-index futures trading On Monday, the Dow Jones Industrial Average DJIA rose 40 points, or 0.12%, to 33431, the S&P 500 SPX increased 3 points, or 0.07%, to 4048, and the Nasdaq Composite COMP dropped 13 points, or 0.11%, to 11676. “Investors are largely unwilling to take the plunge ahead of two vital indicators…with most markets treading water in the meantime,” said Richard Hunter, head of markets at Interactive Investor.
However, some analysts are wary that the market is still vulnerable to any confirmation that interest rates may have to rise at a faster pace than hoped.
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