Nasdaq eyes record closing high as Powell testimony looms

(Reuters) -The Nasdaq was on pace for a record closing high on Tuesday, as investors anticipated Federal Reserve Chair Jerome Powell’s remarks for clues on how the central bank is balancing inflation risk with its promise to ensure a full jobs market recovery.FILE PHOTO: The front facade of the New

Dow drops 1% after hawkish Bullard remarks

(Reuters) – The Dow fell 1% on Friday after Federal Reserve official James Bullard said inflation was stronger than anticipated and it would take the central bank several meetings to figure out how to pare back stimulus.FILE PHOTO: A street sign is seen in front of the New York Stock

Dow drops 1% after hawkish Bullard remarks

(Reuters) – The Dow fell 1% on Friday after Federal Reserve official James Bullard said inflation was stronger than anticipated and it would take the central bank several meetings to figure out how to pare back stimulus.FILE PHOTO: A street sign is seen in front of the New York Stock

Pre-Fed jitters keep S&P 500, Nasdaq below record highs

(Reuters) – The S&P 500 and the Nasdaq drifted just below record highs on Wednesday, with investors on edge before potential hints from the Federal Reserve on when it would taper its massive monetary stimulus.FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange in the

S&P closes nominally lower as investors wait for a catalyst

NEW YORK (Reuters) – The S&P 500 ended a languid session slightly in the red on Monday, with investors standing by on news of a global minimum corporate tax rate, lingering inflation fears, and a lack of market-moving economic news.FILE PHOTO: The New York Stock Exchange is pictured in the

Wall St opens higher as jobs report tempers inflation worries

FILE PHOTO: A Wall St. sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2021. REUTERS/Brendan McDermid(Reuters) – Wall Street’s main indexes opened higher on Friday after data showed smaller-than-expected jobs growth in May, easing concerns about the economy running too hot

S&P futures flat as investors bide time until key economic reports

(Reuters) – The latest leg of a surge in so-called “meme stocks” stood out in early moves on Wall Street on Wednesday, while futures tracking the main stock indexes were broadly flat ahead of closely watched economic data this week.FILE PHOTO: Morning sunlight falls on the facade of the New

Futures gain as Fed calms inflation worries

(Reuters) – U.S. stock index futures rose on Wednesday after remarks from Federal Reserve officials helped calm inflation worries, while a recent dip in bond yields supported Nasdaq futures climb for a third straight session.The New York Stock Exchange is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan

Nasdaq futures fall over 1% on inflation worries

FILE PHOTO: People are seen on Wall St. outside the New York Stock Exchange (NYSE) in New York City, U.S., March 19, 2021. REUTERS/Brendan McDermid/File Photo(Reuters) – Futures tracking the Nasdaq dropped more than 1% on Tuesday, pointing to an another day of losses for technology-related stocks with lofty valuations

Futures flat after jobless claims data; drugmakers extend fall

(Reuters) -U.S. stocks were set for a subdued open on Thursday after data showed weekly jobless claims fell more than expected, while vaccine makers came under pressure after President Joe Biden’s plan to back intellectual property waivers on COVID-19 shots.FILE PHOTO: The Wall St. sign is seen near the New