💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

U.S. stock index futures higher ahead of Yellen testimony

Published 07/12/2017, 07:51 AM
DJI
-
DX
-
ESZ24
-
CL
-
1YMZ24
-
NQZ24
-

Investing.com - U.S. stock index futures edged higher Wednesday ahead of Fed Chair Janet Yellen testimony to Congress.
The Dow futures was up 0.14% at 7:15 ET. TheDJI closed flat overnight.
The S&P 500 futures gained 0.15%. The tech-heavy Nasdaq 100 futures added 0.26%.
Investors are looking for guidance on the path of U.S. rates in Yellen's testimony.
They will also look for any details on the planned tapering of the Fed's balance sheet.
Fed member Lael Brainard Tuesday hinted a third rate hike this year might hinge on the path for inflation.
The market odds of a December hike currently stand at under 50%.
The dollar index was flat as Trump's eldest son became embroiled in the probe into alleged Russian meddling in the 2016 presidential race.
Oil jumped as API data showed a big drop in U.S. crude stocks. EIA inventories ahead.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.