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Stock futures, Fed's Powell testimony, bitcoin: 3 Things

03/06/2024 21:41
report
Stock futures, Fed's Powell testimony, bitcoin: 3 Things

Stock market indices could be in a position to bounce back from Tuesday's tech selloffs upon declines from notable Magnificent Seven membership. Federal Reserve Chair Jerome Powell begins his two-day testimony before Congress on Wednesday, reporting to lawmakers on the state of the US economy and the Fed's progress in lowering inflation. Bitcoin (BTC-USD) is in recovery mode this morning after the cryptocurrency dropped off yesterday following its ascension to a new record high. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.

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