Equity Brief: US Indices on Hold Ahead of Powell

Matt Weller
By :  ,  Head of Market Research

Equity Brief: US Indices on Hold Ahead of Powell

Index names may not reflect tradable instruments and not all markets are available in all regions.

Headlines

  • US indices closed mixed in quiet trade ahead of Fed Chairman Powell’s Congressional Testimony tomorrow.
  • Communication Services (XLC) was the best performing sector on the day; Materials (XLB) were the weakest, dropping -1%.
  • Oil and gold finished essentially flat on the day.
  • Stocks on the move:
    • PepsiCo (PEP) fell -1%, despite reporting better-than-expected earnings.
    • Etsy (ETSY) rallied 4% after announcing a plan to offer free shipping on orders of more than $35.
    • Netflix (NFLX) tacked on 1% after an analyst reiterated his bullish call following a record start for the new season of “Stranger Things.”


Related tags: Shares market Indices

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