The stock market opened lower on Tuesday as investors await Federal Reserve Chairman Jerome Powell’s speech later in the day. Dow futures wavered in pre-market trading, with the index down 0.3%.

Before the market opens, investors should be aware of five things. First, the U.S. dollar extended its rally and is now at a two-month high. Second, the S&P 500 throttled its descent and closed 0.6% lower on Monday. Third, the Nasdaq Composite dropped 1.4%, its third consecutive day of losses. Fourth, Apple and Amazon.com both saw their stock prices fall, with Apple down 2.6% and Amazon.com down 1.9%. Lastly, the market’s volatility decreased, with the CBOE Volatility Index dropping to its lowest level since April.

At the start of the week, the stock market is lower, with the Dow down 0.3% and the S&P 500 down 0.2%. Investors are watching closely as Federal Reserve Chairman Jerome Powell is set to speak later in the day. His comments may help to provide insight into the Fed’s rate path and could influence the market’s direction.

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