That’s what we’re seeing before Tuesday’s opening bell.
–Future U.S. stock markets rose ahead of a series of earnings statements and Janet Yellen’s testimony in which she is expected to support greater spending on coronavirus relief.
Futures tied to the S&P 500 rose 0.7%, pointing to a rebound after the initial bell. Those linked to the Nasdaq-100 added 0.8%, suggesting an increase in technology stocks. Read our full market summary here.
What’s going on?
—Janet Yellen, elected President-elect Joe Biden as Secretary of the Treasury, will testify before the Senate Finance Committee, which is studying his candidacy, at 10 a.m., Eastern Time. He is expected to tell lawmakers that the United States risks a longer recession unless Congress approves more aid and affirms its commitment to market-determined exchange rates.
– Interactive Brokers, JB Hunt and Netflix will report quarterly earnings after market closes.