That’s what we’re seeing as markets kick off on Tuesday.
–US stock futures fell while investors awaited the testimony of Federal Reserve Chairman Jerome Powell at Congress on the health of the economy.
Futures tied to the S&P 500 fell 0.5%. Monday’s benchmark indicator fell for the fifth day in a row, the longest loss streak since last February. Nasdaq-100 contracts fell 1.6%, suggesting technology stocks will continue to lead the market downward. Read our full market summary here.
What’s going on?
–Gains are due of Macy’s in front of the opening bell. Toll Brothers and XP will give updates after closing.
—The President of the Federation, Jerome Powell, will testify before Congress at 10 am (ET), offering an overview of the economy and monetary policy. It’s the beginning of a two-day testimony on Capitol Hill. Watch the live stream here.