Futures in the United States are higher ahead of Powell’s speech.

futures-in-the-united-states-are-higher-ahead-of-powell’s-speech.

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

Source: XglobalMarkets

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