Investors are looking for a landing spot after the central bank's decision to skip a rate hike last week.
posted their best weekly performances since March, with the broad-market benchmark rising 2.6% and the tech-heavy index adding 3.25%. It was also the S&P 500's fifth positive week in a row — a first since November 2021 — and the Nasdaq's eighth consecutive positive week, a feat it previously accomplished in 2019.toward the central bank's decision to skip a June rate hike last week.
Despite Powell's insistence that future Fed policy will remain data dependent, stocks have been on an upswing. Investors are trying to gauge how last week's strong market sentiment will hold up in a shortened trading week that is light on economic data. Housing starts data will be out on Tuesday morning.
New York Fed President John Williams will appear with Fed Vice Chair for Supervision Michael Barr at a in New York City on Tuesday. Fed Chair Powell is set to testify in front of Congress on Wednesday and Thursday.on Tuesday after the the closing bell.Futures tied to the
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