This is what we see as markets start in gear on Tuesday.
–US futures rose lower while investors awaited the testimony of Federal Reserve Chairman Jerome Powell in Congress on the health of the economy.
Forward contracts linked to the S&P 500 fell 0.5%. The benchmark for equities fell for a fifth consecutive day on Monday, the longest losing streak since February. Contracts for the Nasdaq-100 declined 1.6%, indicating that technology stocks will continue to lead the market lower. Read our full market cover here.
What’s up
–Earnings are due from Macy’s before the opening bell. Toll Brothers and XP will provide updates after the updates.
Fed Chairman Jerome Powell will testify before Congress at 10 a.m. ET and give an overview of economic and monetary policy. This is the beginning of a two-day testimony on Capitol Hill. Watch the livestream here.