Micron, Uber, Jerome Powell, Covid-19: 5 Things You Should Know

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Here are five things you should know for Tuesday, June 30:

1. – Powell Mixed Equity Futures Warns of Uncertainty

Equity futures were mixed on Tuesday on the last day of trading in the second quarter as Federal Reserve Chairman Jerome Powell warned that a rebound in the US economy could block if the spread of the coronavirus is not contained.

Contracts linked to the Dow Jones Industrial Average fell 64 points, futures on the S&P 500 fell 5 points and the Nasdaq, ultimately turned higher, up 3 points. Stocks posted strong gains on Monday, with the S&P 500 up 1.47%, after a better-than-expected housing report compensated for news that the coronavirus case exceeded 10 million people worldwide.

“We have entered a new phase and have done it sooner than expected,” Powell said in remarks prepared for the testimony before Tuesday’s appearance before the House Financial Services Committee. “All this bounceback in economic activity is welcome, it also presents new challenges – including the need to keep the virus in check.”

Powell will be joined Tuesday by US Secretary of the Treasury Steven Mnuchin.

Lawmakers have pumped more than $ 3 billion worldwide, the world’s largest economy, leading to renewed job growth and increased consumer spending.



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