U.S. stock-index futures indicated a lackluster start of trade on Tuesday, following the best day for the S&P 500 and the Dow since early April. Wall Street will be watching for congressional testimony from Federal Reserve boss Jerome Powell and Treasury Secretary Steven Mnuchin.
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Mnuchin, Powell to face Senate grilling on coronavirus loan programsThe heads of the Treasury and Fed look set to get some tough questions on Tuesday at a remote Senate hearing, with their testimony coming as a new congressional panel releases its first report on one part of Washington’s big relief package.
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Stock futures tick higher after Fed's Powell says economy could 'recover steadily' later this yearU.S. stock futures traded flat Sunday as investors awaited comments from Federal Reserve Chairman Jerome Powell.
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Stock market news today: Dow and S&P 500 updates - CNNOffice Depot stock surged today after announcing Friday it was closing some stores and laying off 13,000 employees, about one-third of its workforce
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Powell says a full economic recovery may not happen without a vaccineThe Fed noted that the recovery likely would depend on how Americans feel about their safety.
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Fed’s Powell warns unemployment could reach Depression-level 25 percentFederal Reserve Chair Jerome Powell warned that the nation's unemployment rate could soar to 25 percent during the worst of the pandemic
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Fed's Powell: 'Medical metrics' most important data for U.S. economy now: CBSThe most important data for the U.S. economy right now are the 'medical metrics' around the coronavirus pandemic, Federal Reserve Chairman Jerome Powell said Sunday night in broadcast remarks where he outlined the likely need for three to six more months of government financial help for firms and families.
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