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Futures slip on caution ahead of factory, jobs data

Wall Street was set to open lower on Tuesday ahead of economic data that could clear the air on a soft landing for the U.S. economy, while investors assessed mixed earnings from pharmaceutical heavyweights Merck and Pfizer. Merck rose 1.5% in premarket trading as it raised its full-year profit forecast after posting a smaller-than-expected second-quarter loss, while Pfizer slipped as it missed estimates for quarterly revenue. "So far things have played out well and we're looking forw...
United States Santa Clara Austan Goolsbee Vinay Dwivedi Jane Foley Johannm Cherian
Source: yahoo.com

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Futures flat ahead of Powell's congressional testimony

(Reuters) -U.S. index futures swung between gains and losses on Wednesday as investors turned cautious ahead of Federal Reserve Chairman Jerome Powell's congressional testimony, while Tesla gained as Texas requires charging stations to include its plug. Powell is due to deliver his semiannual monetary policy testimony before the House Financial Services Committee at 10 a.m. ET (1400 GMT), and is expected to be questioned on whether rates will rise again in July. Money markets see a 77% ch...
United States Arun Koyyur Jerome Powell Loretta Mester Peter Andersen Shubham Batra
Source: yahoo.com

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