British & US Equities Inched Higher Ahead of Jerome Powell’s Testimony

Category: Finance

US Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 13.70 points or 0.32 per cent higher at 4,238.50, Dow Jones Industrial Average Index surged by 27.00 points or 0.08 per cent higher at 33,904.00, and the technology benchmark index Nasdaq Composite traded higher at 14,195.70, up by 54.22 points or 0.38 per cent against the previous day close (at the time of writing - 12:05 PM ET). US Market News: The major indices of Wall Street traded in a green zone as investors waited for the Federal Reserve Chair Jerome Powell's remarks. Among the gaining stocks, CrowdStrike Holdings (CRWD) shares surged by about 7.92% after the Company was upgraded by Stifel Financial from “Hold” to “Buy”. GameStop (GME) shares went up by about 4.93% after the Company had successfully raised USD 1.13 billion in the latest stock offering. Korn Ferry (KFY) shares rose by about 3.18% after the Company had reported quarterly earnings more than the consensus estimates. Among the declining stocks, MicroVision (MVIS) shares plunged by around 12.65% after the laser technology Company had decided to sell USD 140 million worth of shares.