Fed Chair Powell’s Speech Sparks Stock Market Rally: 5 Must-Know Updates

As markets opened this morning, stock futures inched higher as investors await U.S. Federal Reserve Chairman Jerome Powell’s speech later today.

At the end of the trading day, stocks ended lower, with the Dow Jones Industrial Average down 0.3%, the S&P 500 down 0.7%, and the Nasdaq Composite down 0.8%.

This week, investors will be keeping an eye on the rally in focus, Powell’s speech, and a number of corporate earnings reports. Powell is expected to address the Fed’s policies on interest rates, inflation, and the economic recovery.

BP is also expected to release its quarterly earnings report, while Chipotle Mexican Grill is expected to report its fourth quarter and full-year earnings.

Analysts are expecting that Powell’s speech will provide some clarity on the Fed’s policies, which could influence the stock market. Investors will also be looking for clues about the economic recovery and the impact of the latest stimulus package.

Overall, the stock market is expected to be volatile this week as investors weigh the news from Powell’s speech, corporate earnings, and the economic recovery.