Stock futures are pausing for breath following a two-day bounce that broke a three-week losing streak.
U.S. stock futures were steady early Monday, holding their latest rally ahead of testimony from Federal Reserve Chair Jerome Powell and crucial jobs data later in the week.
What’s driving markets Stock... U.S. stock futures were steady early Monday, holding their latest rally ahead of testimony from Federal Reserve Chair Jerome Powell and crucial jobs data later in the week. “U.S. markets ended the week in positive territory, for the moment looking through the implications of more recent data which suggest that the Federal Reserve still has work to do in taming inflation by raising interest rates further,” said Richard Hunter, head of markets at Interactive Investor.
The 10-year Treasury yield TMUBMUSD10Y , which hit 4.081% last Thursday, is down another 2.6 basis points to 3.933%.
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