Here’s what we watch before Tuesday’s bell.
–US futures rose before a series of earnings and testimonials by Janet Yellen, in which she expects to support higher coronavirus aid spending.
S&P 500 futures rose 0.7%, indicating a rally after the opening bell. Those related to the Nasdaq-100 added 0.8%, suggesting gains in technology stocks. Read our full package on the market here.
What’s next
“Janet Yellen, the election of President-elect Joe Biden as Secretary of the Treasury.”, is due to testify before the Senate Finance Committee, which is considering his nomination, at 10 p.m. He is expected to tell lawmakers that the US risks a longer recession unless Congress approves more aid and asserts its commitment to market-driven exchange rates.
– Interactive Brokers, JB Hunt and Netflix will report quarterly earnings after markets close.