Stock futures are little changed as traders assess Fed Chair Powell's inflation remarks
Publishing timestamp: 2023-02-07 19:01:18
Summary
U.S. stock futures were slightly lower on Tuesday night. Chipotle Mexican Grill, eBay, Lumen Technologies, Fortinet, CVS Health, Under Armour, Yum! Brands, Uber Technologies, Walt Disney, and Robinhood are all reporting earnings on Wednesday. Federal Reserve Chair Jerome Powell said inflation is easing, and President Joe Biden's State of Union address is scheduled for 9 pm ET. Joseph LaVorgna, former chief economist of National Economic Council, said he sees economic activity taking further dip this spring before long-term rates eventually come down. Treasury yields reversed earlier declines after Powell's remarks.
Sentiment: NEUTRAL
Tickers: HOOD, YUM, .DJI, EBAY, .IXIC, .SPX, CVS, UBER, FTNT, LUMN, US10Y, DIS, CMG, UAA,
Keywords: uber technologies inc, chipotle mexican grill inc, fortinet inc, cvs health corp, yum! brands inc, stock markets, walt disney co, robinhood markets inc, under armour inc, united states, breaking news: markets, business news, markets,
Source: https://www.cnbc.com/2023/02/07/stock-market-futures-open-to-close-news.html