This is what we’ll be looking at as the markets shift into gear on Tuesday.
US equity futures slightly lower while investors awaited the testimony of Jerome Powell, the chairman of the Federal Reserve, in Congress on the health of the economy.
Futures linked to the S&P 500 fell 0.5%. Monday’s benchmark stock gauge fell for the fifth consecutive day, the longest losing streak since February. Contracts for the Nasdaq-100 were down 1.6%, suggesting that technology stocks will continue to lead the market lower. Read our full market change here.
What is coming
The income is due from Macy stands for the opening bell. Toll Brothers and XP will provide updates after the close.
—Fed Chairman Jerome Powell will testify before Congress at 10 a.m. ET and provide an overview of the economy and monetary policy. It is the start of a two-day testimony on Capitol Hill. Watch the livestream here.