Here’s what we watch as markets launch on Tuesday.
–US futures fell while investors waited for Federal Reserve Chairman Jerome Powell’s testimony in Congress on the health of the economy.
S&P 500 futures fell 0.5%. Monday’s stock benchmark fell for the fifth day in a row, the longest series of losses since February. Contracts for the Nasdaq-100 fell 1.6%, suggesting that technology stocks will continue to lead the market lower. Read our full market package here.
What’s next
–Earnings are due from Macy in front of the opening bell. Toll Brothers and XP will provide updates after closing.
—Fed President Jerome Powell will testify before Congress at 10 a.m. ET, giving an overview of the economy and monetary policy. It’s the beginning of a two-day testimony on Capitol Hill. Watch the live stream here.