Stocks may move to the upside in early trading on Wednesday following the release of Federal Reserve Chairman Jerome Powell's prepared remarks before the House Financial Services Committee. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 48 points.
Early buying interest may be generated in reaction to Powell's prepared remarks as the Fed chief is set to begin two days of testimony on Capitol Hill.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.