Futures in the United States are higher ahead of Powell’s speech.
US stock futures rose on Tuesday, led by a rebound in technology firms, as traders awaited Federal Reserve Chair Jerome Powell’s address.
Futures on the Dow Jones Industrial Average rose 0.1 % , S&P 500 futures jumped 0.2 % , and Nasdaq futures rose 0.14 % .
The technology-heavy Nasdaq Composite ended the day modestly higher after four days of losses fueled by anticipation that the Fed will be forceful in limiting inflation.
Front-month global benchmarks Brent crude and West Texas Intermediate crude both rose more than 1% as members of the Organization of Petroleum Exporting Countries and their allied producers battled to fulfill previously agreed-upon output volumes.
Powell is slated to appear before the Senate Banking Committee at 10:30 a.m. ET to testify about his re-election as chairman of the US Federal Reserve.
SmartRent Increases Revenue Guidance for the Full Year 2021
SmartRent (SMRT) announced on Tuesday that it now expects full-year revenue in the range of $106 million to $109 million in 2021, up from its earlier projection of $100 million to $105 million.
In addition, the smart home automation systems company reported a 62 % rise in customer base to 230 consumers.
The company stated that it intends to report its fourth-quarter and fiscal-year 2021 results in March.
Markets News :
- CAD leads, JPY lags on the day
- European equities higher; S&P 500 futures up 0.2%
- US 10-year yields down 2 bps to 1.76%
- Gold up 0.2% to $1,802.20
- WTI up 1.6% to $80.01
- Bitcoin up 0.3% to $41,758