Most Markets are Flat Before the Testimony from Fed Chair Jerome Powell
U.S. futures were mostly flat on Tuesday as investors paused before earnings reports and testimony from Fed Chair Jerome Powell.
Netflix (NASDAQ:NFLX) slumped 11.34% in pre-market trading after its earnings missed estimates.
Meanwhile Federal Reserve Chair Jerome Powell is set to deliver his semi-annual monetary policy testimony on the economy before the Senate Banking Committee at 10:00AM ET (14:00 GMT), his testimony will last 2 days. Powell is expected to reiterate that the Fed is on track to continue with a gradual pace of rate hikes but investors will be on the lookout for any clues of future rate increases, as well as the central bank’s views on trade.