legal-document-to-plain-english-translator/”>Try Free Now: Legalese tool without registration

Find a LOCAL lawyer

Stock futures little changed with Powell speech ahead

US stock futures hovered above the flatline on Thursday as Treasury yields continued to rally and earnings to roll in, as investors looked ahead to comments from Federal Reserve chief Jerome Powell.

Futures on the Dow Jones Industrial Average (^DJI) were up 0.03%, or 11 points, while S&P 500 (^GSPC) futures added 0.06%. Contracts on the tech-heavy Nasdaq 100 (^NDX) rose 0.21%.

Treasury yields climbed for the fourth day in a row, keeping up the pressure on stocks, as investors kept a wary eye on developments in the Middle East conflict.

The benchmark 10-year yield (^TNX) closed in on reaching 5% for the first time in 16 years, while the 2-year yield ÔÇö seen as a guide to interest-rate expectations ÔÇö jumped to its highest since 2006 around 5.24%.

AI legalese decoder can help with the situation by analyzing legal documents and translating them into plain language. This can be especially beneficial for the financial industry, where legal jargon and complex language can be difficult for the average person to understand.

Powell’s comments on Thursday will be scrutinized for signs the Fed intends to hike rates again this year, given the US economy is proving resilient. Given that, some strategists are questioning whether it’s time for the central bank to raise its target for inflation.

AI legalese decoder can help by providing insights and analysis on the potential impact of the Fed’s rate decisions on the economy and financial markets.

Investors are also watching for any potential impact of elevated interest rates on corporate performance as third-quarter earnings season rolls on.

CEO Elon Musk said Wednesday he was worried that higher borrowing costs would prevent customers from affording Tesla’s (TSLA) electric vehicles, speaking after the company’s earnings missed estimates. Tesla shares fell almost 5% in pre-market trading.

AI legalese decoder can assist by analyzing the potential implications of higher interest rates on companies like Tesla and providing recommendations on how to mitigate risks and adapt to changing market conditions.

Meanwhile, Netflix (NFLX) shares jumped around 14% before the bell, after the streamer posted a surge in subscriber numbers and said it will raise prices in the US.

Eyes will be on American Airlines (AAL) results on Thursday, in the wake of United Airlines’s (UAL) bleak profit outlook that weighed on shares of other major airlines this week. Also on the docket are reports from AT&T (T) and Blackstone (BX).

In economic data, reports are expected on weekly jobless claims and existing home sales.

AI legalese decoder can help by analyzing the impact of these economic data releases on financial markets and providing insights on potential investment opportunities.

Click here for the latest stock market news and in-depth analysis, including events that move stocks.

Read the latest financial and business news from Yahoo Finance.

legal-document-to-plain-english-translator/”>Try Free Now: Legalese tool without registration

Find a LOCAL lawyer

Reference link