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US Stocks Could Lose Momentum Thursday As Futures Trade Flat Ahead Of Powell Speech — Tesla, GameStop In Focus

The major U.S. index futures are little changed on Thursday, as apprehensions return after Wednesday’s strong advances. Investors are left to contend with more Fed speeches, while the corporate news flow remains fairly light. On Wednesday, U.S. stocks opened mostly higher and stayed above the unchanged line for the bulk of the session, before closing notably higher.

BILI

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Fear & Greed Index Remains In ‘Fear’ Zone Ahead Of Powell’s Speech

The CNN Money Fear and Greed index remained in the "fear" zone, despite a surge in U.S. stocks on Wednesday. Wall Street has recorded sharp losses since mid-August following hawkish remarks by Fed Chair Jerome Powell. Markets are now expecting a 75-basis-point rate increase by the Federal Reserve later this month to combat surging inflation.

AAPL

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If You Invested $1,000 In The S&P 500 ETF When Jerome Powell Was Appointed, Here’s How Much You’d Have Now

Jerome Powell was sworn in as chairman of the Federal Reserve in 2018. The current leader of the Fed was appointed by former President Donald Trump and was chosen for a second term by President Joe Biden. Here’s a look at how the S&P 500 has performed since he took office.

SPY