Stocks Rise Ahead of Powell Testimony; Nvidia Hits Record High, Tesla Extends Losses
-
Dow Jones futures rose ahead of Fed Chair Jerome Powell's second day of testimony before Congress on interest rates and the economy.
-
Nvidia stock rallied to another record high, extending its hot streak, while Tesla extended losses as its stock remains below key support levels.
-
Key earnings reports today come from American Eagle, BJ's Wholesale, Burlington Stores, Ciena, and Kroger.
-
IBM and Disney are attempting breakouts past recent buy points, while Fifth Third Bancorp is holding above its entry.
-
Apple and Microsoft traded higher Thursday morning among Dow Jones stocks, as Apple aims to snap a six-day losing streak.