Dow Jones Futures Fall; Fed Chief Powell Testifies As Recession Fears Grow

Dow Jones futures fell sharply early Wednesday, along with S&P 500 futures and Nasdaq futures, setting the new stock market rally on course to erase much of Tuesday’s strong gains. Treasury yields and crude oil prices also fell significantly. Federal Reserve Chair Jerome Powell will testify before Congress amid growing concerns that Fed rate hikes will drive the economy into a recession.


Vertex Pharmaceuticals (VRTX) and Bristol-Myers Squibb (BMY) reclaimed their 50-day lines…

Read More