Reply To: Traders Market Weekly: Powell Testifies


The S&P 500 futures are up 12 points and are trading 0.3% above fair value.
The Nasdaq 100 futures are up 74 points and are trading 0.5% above fair value.
The Dow Jones Industrial Average futures are up 40 points and are trading 0.1% above fair value.
long with policy decisions from the FOMC, the European Central Bank, and the Bank of Japan.

Oil prices are lower, down 2.3% to $68.58/bbl, following news that Goldman Sachs has cut its price forecast for Brent Crude (to $86 from $95) and WTI Crude (to $81 from $89) due to higher oil supplies.

Treasuries are little changed from Friday’s settlement levels.

2-yr note yield is down two basis points to 4.60%
10-yr note yield is up one basis point to 3.75%.

Economic data today is limited to the May Treasury Budget (prior $176.0 billion) at 2:00 p.m. ET.