As a general recap, the Nasdaq and S&P 500 indexes hit a fresh all-time high Tuesday after open, while investors watched Federal Reserve President Jerome Powell make remarks in front of a Senate Panel in Washington DC.
Shortly after 12:19 pm EST, the $S&P 500 Index (.SPX.US)$ climbed 0.25%, the $Dow Jones Industrial Average (.DJI.US)$ was falling 0.06%, and the $Nasdaq Composite Index (.IXIC.US)$ reached fresh highs as well, up just 0.25%.
In macroeconomics this week, investors can watch for CPI data on Thursday, expected at 3.1% and Core at 3.4%. PPI comes out Friday, expected at 0.2% core. Federal Reserve Chair Jerome Powell said he would like more data supporting rate cuts, but the Fed is keeping its options open.
Mooers, what are you watching today? Comment below and I may feature your comment tomorrow!
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