{"id":174906,"date":"2021-02-10T15:34:00","date_gmt":"2021-02-10T12:34:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/dow-futures-up-100-points-as-investors-await-inflation-data-powell-speech\/"},"modified":"2021-02-10T15:34:00","modified_gmt":"2021-02-10T12:34:00","slug":"dow-futures-up-100-points-as-investors-await-inflation-data-powell-speech","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/dow-futures-up-100-points-as-investors-await-inflation-data-powell-speech\/","title":{"rendered":"#\n  Dow futures up 100 points as investors await inflation data, Powell speech"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a41b5f189391\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a41b5f189391\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/dow-futures-up-100-points-as-investors-await-inflation-data-powell-speech\/#What_are_major_benchmarks_doing\" >What are major benchmarks doing?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/dow-futures-up-100-points-as-investors-await-inflation-data-powell-speech\/#Whats_driving_the_market\" >What\u2019s driving the market?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/dow-futures-up-100-points-as-investors-await-inflation-data-powell-speech\/#Which_companies_are_in_focus\" >Which companies are in focus?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/dow-futures-up-100-points-as-investors-await-inflation-data-powell-speech\/#What_are_other_markets_doing\" >What are other markets doing?<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/dow-futures-up-100-points-as-investors-await-inflation-data-powell-speech\/#William_Watts\" >William Watts<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  Dow futures up 100 points as investors await inflation data, Powell speech<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\">\n<\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000161015\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       Stock-index futures rose Wednesday, with major benchmarks set to resume a march higher after the Dow Jones Industrial Average and the S&amp;P 500 sn<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ed six-day winning streaks.<\/p>\n<p> Investors were awaiting data on inflation, as well as a speech by Federal Reserve Chairman Jerome Powell on the state of the labor market.<\/p>\n<h6><span class=\"ez-toc-section\" id=\"What_are_major_benchmarks_doing\"><\/span>What are major benchmarks doing?<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<ul class=\"articleList\">\n<li>\n      Futures on the Dow Jones Industrial Average<br \/>\n        YM00,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210407078\/delayed\" class=\"positive\">+0.31%<\/bg-quote><br \/>\n       rose 86 points, or 0.3%, to 31,364.<\/p>\n<\/li>\n<li>\n      S&amp;P 500 futures<br \/>\n        ES00,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/209948968\/delayed\" class=\"positive\">+0.33%<\/bg-quote><br \/>\n       rose 13.50 points, or 0.4%, to 3,919.<\/p>\n<\/li>\n<li>\n      Nasdaq-100 futures<br \/>\n        NQ00,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210219788\/delayed\" class=\"positive\">+0.33%<\/bg-quote><br \/>\n       were up 48.25 points, or 0.4%, at 13,728.50.<\/p>\n<\/li>\n<\/ul>\n<p><strong>Need to Know:<\/strong> Stocks aren\u2019t in a bubble, but here\u2019s what is, according to ARK Invest\u2019s Cathie Wood<\/p>\n<div class=\"paywall\">\n       Stocks saw little movement Tuesday, with the Dow<br \/>\n        DJIA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598065\/realtime\" class=\"negative\">-0.03%<\/bg-quote><br \/>\n       and S&amp;P 500<br \/>\n        SPX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210599714\/realtime\" class=\"negative\">-0.11%<\/bg-quote><br \/>\n       posting small losses to snap a six-day winning streak for both indexes, while the Nasdaq Composite<br \/>\n        COMP,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598365\/realtime\" class=\"positive\">+0.14%<\/bg-quote><br \/>\n       eked out a small gain to capture another record close. The small-cap Russell 2000<br \/>\n        RUT,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598147\/delayed\" class=\"positive\">+0.40%<\/bg-quote><br \/>\n       outpaced its larger-cap siblings with a 0.4% gain to also post another record finish.<\/p>\n<p><strong>See:<\/strong> Is the stock market due for a correction in 2021? Here\u2019s what some experts think<\/p>\n<h6><span class=\"ez-toc-section\" id=\"Whats_driving_the_market\"><\/span>What\u2019s driving the market?<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p>Investors remain focused on prospects for another large round of aid spending, as well as a slowing pace of new COVID-19 infections and the continued vaccine rollout. At the same time, market watchers are attempting to gauge the potential for a pickup in inflation, putting Wednesday\u2019s CPI data and Powell\u2019s speech in the spotlight.<\/p>\n<p>\u201cInvestors are already trying to pre-empt when the U.S. economy will experience the inflation overshoot that\u2019s expected to be driven by more incoming fiscal stimulus,\u201d said Han Tan, market analyst at FXTM, in a note.<\/p>\n<p>\u201cSuch conditions might trigger the much talked about Fed tapering, which may then pave the way for higher interest rates. More clues about that timeline would help global investors ascertain their allocations in equities versus bonds,\u201d he said.<\/p>\n<p>Investors were expected to pay little attention to the second impeachment trial of Donald Trump, with arguments set to get under way in the Senate on Wednesday afternoon. The Senate voted Tuesday that the trial could proceed after a round of arguments over the constitutionality of trying a former president.<\/p>\n<p>The trial isn\u2019t expected to affect the market since it isn\u2019t seen interfering with a push toward another round of spending. President Joe Biden is pushing for a $1.9 trillion package. Congressional Democrats have taken steps that would allow them to push through a spending plan without Republican support in the evenly divided Senate via a process known as budget reconciliation. The size of the plan is expected to shrink somewhat, however, due to resistance from some Democrats.<\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>Powell is slated to deliver remarks to the Economic Club of New York at 2 p.m. Eastern.<\/p>\n<p>Inflation data will be front and center, with the January consumer-price index due at 8:30 a.m. Economists surveyed by MarketWatch expect the CPI to show a 0.3% rise; excluding volatile food and energy prices, core CPI is expected increase by 0.1%.<\/p>\n<p><strong>See: <\/strong>Economic Calendar<\/p>\n<p>Data on December wholesale inventories is due at 10 a.m. Eastern. Federal budget figures for January are set for release at 2 p.m.<\/p>\n<h6><span class=\"ez-toc-section\" id=\"Which_companies_are_in_focus\"><\/span>Which companies are in focus?<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<ul class=\"articleList\">\n<li>\n      Shares of <strong>Coca-Cola Co.<\/strong><br \/>\n        KO,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/209159848\/composite\" class=\"negative\">-0.44%<\/bg-quote><br \/>\n       rose 2% in premarket action after delivering earnings and revenue Wednesday morning that topped Wall Street expectations.<\/p>\n<\/li>\n<li>\n      Shares of <strong><a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> Inc. <\/strong><br \/>\n        TWTR,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/203180645\/composite\" class=\"positive\">+2.87%<\/bg-quote><br \/>\n       rose 4% after the social-media platform delivered its second-ever $1 billion quarter late Tuesday.<\/p>\n<\/li>\n<li>\n      <strong>Cisco Systems Inc.<\/strong><br \/>\n        CSCO,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/209509471\/composite\" class=\"negative\">-0.90%<\/bg-quote><br \/>\n       late Tuesday reported quarterly results that topped Wall Street estimates, though sales in certain segments came in below expectations. Shares of the maker of network services, videoconferencing tools and security software were down 5%.<\/p>\n<\/li>\n<li>\n      <strong>Mattel Inc.<\/strong><br \/>\n        MAT,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/209819189\/composite\" class=\"positive\">+2.17%<\/bg-quote><br \/>\n       shares were up 2% after the toy maker surpassed Wall Street expectations for its fourth quarter and said it continued to be \u201cmindful\u201d of COVID-related \u201cvolatility and other macroeconomic uncertainties.\u201d <\/p>\n<\/li>\n<li>\n      Shares of <strong>Yelp Inc.<\/strong><br \/>\n        YELP,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/201334325\/composite\" class=\"positive\">+2.18%<\/bg-quote><br \/>\n       were up 3% after the e-commerce platform late Tuesday reported better-than-expected sales and earnings. <\/p>\n<\/li>\n<li>\n      In deal <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>, shares of <strong>NIC Inc.<\/strong><br \/>\n        EGOV,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/205992804\/composite\" class=\"positive\">+3.04%<\/bg-quote><br \/>\n       jumped more than 15% in premarket trade after the digital government solutions and payments company agreed to be acquired by <strong>Tyler Technologies Inc.<\/strong><br \/>\n        TYL,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/208092302\/composite\" class=\"negative\">-1.01%<\/bg-quote><br \/>\n       in a $2.3 billion cash deal.<\/p>\n<\/li>\n<\/ul>\n<h6><span class=\"ez-toc-section\" id=\"What_are_other_markets_doing\"><\/span>What are other markets doing?<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<ul class=\"articleList\">\n<li>\n      The yield on the 10-year Treasury note<br \/>\n        TMUBMUSD10Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">1.169%<\/bg-quote><br \/>\n      \u00a0ticked up to 1.164%. Yields and bond prices move in opposite directions.<\/p>\n<\/li>\n<li>\n      The ICE U.S. Dollar Index,<br \/>\n        DXY,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598269\/delayed\" class=\"positive\">+0.04%<\/bg-quote><br \/>\n      \u00a0a measure of the currency against a basket of six major rivals, was fractionally higher, near 90.46<\/p>\n<\/li>\n<li>\n      Oil futures\u00a0gained, with the U.S. benchmark<br \/>\n        CL.1,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/211629951\/delayed\" class=\"positive\">+0.62%<\/bg-quote><br \/>\n      \u00a0climbing 0.5%, to $58.67 per barrel.\u00a0Gold futures<br \/>\n        GC00,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210034565\/delayed\" class=\"positive\">+0.20%<\/bg-quote><br \/>\n      \u00a0were also higher, up 0.2% to about $1,841.30 an ounce.<\/p>\n<\/li>\n<li>\n      The pan-European Stoxx 600 Europe index<br \/>\n        SXXP,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210599654\/delayed\" class=\"positive\">+0.22%<\/bg-quote><br \/>\n      \u00a0was up 0.2%, while London\u2019s FTSE 100<br \/>\n        UKX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598409\/delayed\" class=\"positive\">+0.09%<\/bg-quote><br \/>\n      rose 0.1%.<\/p>\n<\/li>\n<li>\n      In Asia, the Shanghai Composite<br \/>\n        SHCOMP,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598127\/delayed\" class=\"positive\">+1.43%<\/bg-quote><br \/>\n      \u00a0closed 1.4% higher, while Hong Kong\u2019s Hang Seng Index<br \/>\n        HSI,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598030\/delayed\" class=\"positive\">+1.91%<\/bg-quote><br \/>\n       surged 1.9%, and Japan\u2019s Nikkei 225<br \/>\n        NIK,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210597971\/delayed\" class=\"positive\">+0.19%<\/bg-quote><br \/>\n      \u00a0 ticked up 0.2%.<\/p>\n<\/li>\n<\/ul>\n<p><strong>Read next: <\/strong>These \u2018sweet sixteen\u2019 recovery stocks still have upside, according to Raymond James<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"William Watts\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"William_Watts\"><\/span>William Watts<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B21005575-02D4-D4B5-4572-D274F7964665%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Dow futures up 100 points as investors await inflation data, Powell speech &#8221; Stock-index futures rose Wednesday, with major benchmarks set to resume a march higher after the Dow Jones Industrial Average and the S&amp;P 500 snapped six-day winning streaks. Investors were awaiting data on inflation, as well as a speech by Federal Reserve&#8230;<\/p>\n","protected":false},"author":1,"featured_media":174907,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-174906","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/174906","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=174906"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/174906\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/174907"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=174906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=174906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=174906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}