US stock futures flat after positive start to the week
US stock futures flat after positive start to the week
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Fed's impact on markets: Powell's take on jobs and inflation
As the Federal Reserve marks its 75th anniversary, investors eagerly anticipate Chair Jerome Powell's address, which is expected to influence market trends.
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U.S. stock futures point to a flat open after a generally positive start to the week that has seen the broad S&P 500 index turn positive on the year for the first time since late February.
Stocks got a boost on Monday after the U.S. and China announced a 90-day pause on some tariffs. Effective Wednesday, U.S. tariffs on Chinese goods drop to 30% from 145% and Chinese tariffs on U.S. goods fall to 10% from 125%. Lower tariffs reduce the chance the U.S. economy will fall into a recession, economists said.
At 7 a.m. ET, futures tied to the blue-chip Dow were at 0.00%; S&P 500 futures were at 0.01%; and tech-heavy Nasdaq futures were at 0.09%.
Corporate news
Robinhood said customers and trading volumes in April rose as President Donald Trump's tariffs roiled markets, encouraging trading.
American Eagle Outfitter withdrew its full-year guidance after warning it expects sales to fall about 5% in the first three months of the year and report a loss.
Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at mjlee@usatoday.com and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday.
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