The Dow Jones today was little changed in Wednesday's pre-market trading as markets awaited the testimony of U.S. Federal Reserve Chair Jerome Powell. Powell will testify before the House Financial Services Committee today. Yesterday, Powell provided commentary on trade, financial regulations, and wage stagnation to the Senate Banking Committee.
Powell stated that markets could expect more interest rate hikes thanks to the considerable growth of the U.S. economy. However, Powell did warn that a long trade war could hurt the U.S. economy. As chair, Powell is required to testify before the House and Senate twice a year on matters relating to the nation's monetary policy.
Here are the numbers from Tuesday for the Dow, S&P 500, and Nasdaq:
Now here's a closer look at today's Money Morning insight, the most important market events, and stocks to watch.
Life-Changing Profit Potential: One tiny firm is rapidly developing the parts for a game-changing technology - and the gains from its stock, trading for less than $10, could turn every $1,000 invested into $4,719. Learn more...
With earnings season underway, many investors are worried about the impact tariffs will have on their investments' bottom lines.
Money Morning Technical Trading Specialist D.R. Barton, Jr., has identified a little-known way to avoid the impact of tariffs altogether - and make a killing in the process. Check out D.R.'s findings here...
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