Stocks set to climb on Powell's dovish fed stance
Asian stocks look set to rise Monday after U.S. equities rallied to a record and Treasuries advanced on Jerome Powell's signal of a cautious and gradual withdrawal of pandemic-era Federal Reserve policy support.
Futures for Japan, Australia and Hong Kong rose, while U.S. contracts were steady. The S&P 500 climbed following Chair Powell's Jackson Hole speech, in which he said the Fed may start paring bond purchases this year but is in no hurry to raise interest rates and will be guided by data on Covid-19 risks.
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By Julianna
Hey, moomooers! Here are things you need to know before the opening bell:
-Stocks were higher Tuesday following a broad-based rally on news that U.S. regulators granted full approval for Pfizer-BioNTech's vaccine.
- Democratic lawmakers approved a $3.5 trillion budget blueprint and set a late-September vote on a roughly $1 trillion infrastructure bill, ending a standoff over President Biden's legislative priorities.
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Hello Mooers!
Welcome back to our Breaking Stocks for Olympic 2021 edition!
In today discussion, we will discuss and vote which group of stock(s) have the potential to go higher by the end of this Olympic 2021.
Olympic 2021 is held in Tokyo, Japan. It was actually scheduled to take place from 24 July to 9 August 2020. Due to the COVID pandemic, it was postpone to 23 July 2021 to 8 August 2021.
Competitions is currently running hot with strict restrictions in place to prevent a Olympic COVID cluster(s) from happening. ...