Microsoft (NASDAQ:MSFT), Apple (NASDAQ:AAPL) – Fed Chair Jerome Powell Among Biggest Macro Catalysts Today


U.S. stocks closed higher on Wednesday with the Nasdaq Composite gaining more than 2% amid a rise in Apple Inc. AAPL and Microsoft Corporation MSFT shares.

Let’s have a look at the major economic events scheduled for today.

  • Data on initial jobless claims for the latest week will be released at 8:30 a.m. ET. Analysts expect jobless claims coming in at 240,000 for the September 2 week compared to 232,000 in the previous week.
  • Fed Chair Jerome Powell is set to speak at 9:10 a.m. ET.
  • The Census Bureau quarterly services survey report for the second quarter is scheduled for release at 10:00 a.m. ET.
  • The Energy Information Administration’s weekly report on natural gas stocks in underground storage is scheduled for release at 10:30 a.m. ET.
  • The EIA’s weekly report on petroleum inventories will be released at 11:00 a.m. ET.
  • The Treasury is set to auction 4-and 8-week bills at 11:30 a.m. ET.
  • Federal Reserve Bank of Chicago President Charles Evans will speak at 12:00 p.m. ET.
  • Data on consumer credit for July will be released at 3:00 p.m. ET. Consumer credit is projected to rise $33.0 billion in July following a $40.1 billion increase a month ago.

Ethereum Rises Sharply, Here Are Other Crypto Movers That Should Be On Your Radar Today

Check out our premarket coverage here


Image and article originally from Read the original article here.