U.S. Dollar Index Futures Market News and Commentary
What you need to know…
The S&P 500 Index ($SPX) (SPY) today is down -0.22%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.35%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.07%.
U.S. stock index futures this morning are mixed. U.S. stock index futures this morning are on edge ahead of a speech later today from Fed Chair Powell at the Economic Club of Washington. The markets will be watching to see if Mr. Powell issues fresh hawkish statements following last Friday’s strong payroll report for January, such as saying that the peak in interest rates may be higher than policymakers had previously expected.
Negative corporate news today is weighing on stocks. Chegg is down more than -20%, and ZoomInfo Technologies is down more than -6% after forecasting disappointing full-year revenue. Also, Pinterest is down more than -6% after reporting weaker-than-expected Q4 revenue, and Incyte is down more than -4% after forecasting full-year Jakafi net product reve... Read more