NBC10 Philadelphia nbcphiladelphia.com 23 Feb, 2021 23:45 am

Stock Futures Little Changed After Tuesday’s Intraday Comeback – NBC10 Philadelphia

Stock Futures Little Changed After Tuesday’s Intraday Comeback – NBC10 Philadelphia
Futures were flat on Tuesday evening.

Money Report p p The move in futures follows a wild comeback during Tuesday's market hours that saw the Dow and S&P 500 erase sharp losses to finish modestly higher.The positive finish snapped a five-day skid for the S&P 500.The rebound began after Federal Reserve Chair Jerome Powell released his prepared remarks for a hearing with the Senate Banking Committee, with the central bank chief saying that inflation was "soft" and that the U.Marci McGregor, senior investment strategist at Bank of America Merrill Lynch, said on "Closing Bell" market sentiment pointed to a needed pullback but the overall setup for stocks remained positive.

" The market's overall rebound on Tuesday was mirrored in the moves of tech giant Apple and electric-vehicle stock Tesla, which finished with losses of 0.Energy stocks and financials outperformed, while tech and consumer discretionary plays lagged the broader market.

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