{"id":116919,"date":"2021-06-22T15:54:24","date_gmt":"2021-06-22T15:54:24","guid":{"rendered":"https:\/\/fin2me.com\/?p=116919"},"modified":"2021-06-22T15:54:24","modified_gmt":"2021-06-22T15:54:24","slug":"stocks-hover-below-record-highs-ahead-of-powell-testimony-on-feds-pandemic-response","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/stocks-hover-below-record-highs-ahead-of-powell-testimony-on-feds-pandemic-response\/","title":{"rendered":"Stocks hover below record highs ahead of Powell testimony on Fed's pandemic response"},"content":{"rendered":"

Individual investors on pace to pour $1 trillion into stocks in 2021<\/h2>\n

David Dietze of Peapack Private Wealth Management reveals his best trades on ‘Making Money with Charles Payne’<\/p>\n

U.S. equity markets hovered just below record highs as investors awaited Capitol Hill testimony from Federal Reserve Chairman Jerome Powell. <\/p>\n\n\n\n\n\n\n\n\n
Ticker<\/th>\nSecurity<\/th>\nLast<\/th>\nChange<\/th>\nChange %<\/th>\n<\/tr>\n<\/thead>\n
I:DJI<\/td>\nDOW JONES AVERAGES<\/td>\n33975.2<\/td>\n+98.23<\/td>\n+0.29%<\/td>\n<\/tr>\n
SP500<\/td>\nS&P 500<\/td>\n4241.05<\/td>\n+16.26<\/td>\n+0.38%<\/td>\n<\/tr>\n
I:COMP<\/td>\nNASDAQ COMPOSITE INDEX<\/td>\n14187.764106<\/td>\n+46.28<\/td>\n+0.33%<\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The Dow Jones Industrial Average rose 14 points, or 0.04%, while the S&P 500 and the Nasdaq Composite climbed 0.05% and 0.01%, respectively. <\/p>\n

The quiet morning comes a day after the major averages posted their biggest gains in at least a month, buoyed by comments from New York Fed President John Williams, who said the U.S. economy isn’t strong enough for the central bank to shift policy. <\/p>\n

STOCK MARKET'S MOST POPULAR TRADE FACES 'PERFECT STORM'<\/strong><\/p>\n

The Fed will remain in focus Tuesday as Powell will testify on lessons learned from the central bank’s response to the coronavirus pandemic. <\/p>\n

Ahead of Powell’s testimony, the benchmark 10-year yield held at 1.48% and was near its lowest level since the beginning of March. <\/p>\n

In stocks, mega-cap technology companies, including Apple Inc. and Amazon Inc., were firm as bond yields remained in check. <\/p>\n

Elsewhere, GameStop Corp. shares surged after the company said it raised $1.13 billion through the sale of 5 million shares. The company plans to use the proceeds for general purposes and to invest in growth initiatives.  <\/p>\n

Crypto-linked companies, like Riot Blockchain Inc. and MicroStrategy Inc., were under pressure as bitcoin slumped below $30,000 a coin and was on track to close at its lowest level this year. <\/p>\n

In earnings, Plug Power Inc. reported a wider-than-expected quarterly loss as revenue topped estimates. The company said it expects hydrogen prices to decline meaningfully during the second half of the year. <\/p>\n

In commodities, West Texas Intermediate crude oil lost 28 cents to $73.38 a barrel and gold declined $8.30 to $1,774.60 an ounce. <\/p>\n

OIL COULD HIT $100 A BARREL NEXT YEAR: BANK OF AMERICA<\/strong><\/p>\n

Overseas trading was choppy. <\/p>\n

In Europe, Britain’s FTSE 100 advanced 0.26%, while France’s CAC 40 and Germany’s DAX 30 fell 0.08% and 0.13%, respectively. <\/p>\n

Japan’s Nikkei 225 outperformed in Asia, climbing 3.12%, as China’s Shanghai Composite rose 0.8% and Hong Kong’s Hang Seng index slid 0.63%. <\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Individual investors on pace to pour $1 trillion into stocks in 2021 David Dietze of Peapack Private Wealth Management reveals his best trades on ‘Making […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nStocks hover below record highs ahead of Powell testimony on Fed's pandemic response - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/stocks-hover-below-record-highs-ahead-of-powell-testimony-on-feds-pandemic-response\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stocks hover below record highs ahead of Powell testimony on Fed's pandemic response - Fin2me\" \/>\n<meta property=\"og:description\" content=\"Individual investors on pace to pour $1 trillion into stocks in 2021 David Dietze of Peapack Private Wealth Management reveals his best trades on ‘Making [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/markets\/stocks-hover-below-record-highs-ahead-of-powell-testimony-on-feds-pandemic-response\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-22T15:54:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2018\/07\/105317719-1531134164137rts1vwr4.1910x1000.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1910\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/markets\/stocks-hover-below-record-highs-ahead-of-powell-testimony-on-feds-pandemic-response\/\",\"url\":\"https:\/\/fin2me.com\/markets\/stocks-hover-below-record-highs-ahead-of-powell-testimony-on-feds-pandemic-response\/\",\"name\":\"Stocks hover below record highs ahead of Powell testimony on Fed's pandemic response - 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