Fed Chair Powell continues testimony as S&P 500 looks to build on record highs: Yahoo Finance

Federal Reserve Chair Jerome Powell is back on Capitol Hill to testify before the House Financial Services Committee on US monetary policy. As the economy continues to wrestle with inflationary pressures, all eyes are on Thursday’s Consumer Price Index (CPI) report. The Fed is looking for more signs of economic cooling before initiating its first interest rate cut of the year. Meanwhile, the tech sector continues to push the S&P 500 to record highs. The index notched its 36th record close of 2024 in Tuesday’s session ahead of Taiwan Semiconductor (TSM) reporting strong second quarter sales growth and IDC reporting Apple’s (AAPL) increased PC demand. Yahoo Finance trending tickers include Baidu (BIDU), Tesla (TSLA), and BYD (BYDDY).

Key guests include:
9:00 a.m. ET – John Stoltzfus, Oppenheimer Chief Investment Strategist
9:20 a.m. ET – Brett Schulman, Cava CEO
10:20 a.m. ET – John Vinh, KeyBanc Analyst
10:45 a.m. ET – Marc Cooper, Solomon Partners CEO
11:50 a.m. ET – Jess Smith, Golden State Valkyries President