Technologies rise as investors wait for Fed boss to comment on Investing.com

Investing.com – Stocks offered a day of earnings for many technology stocks and expectations for Jerome Powell.

Powell, chairman of the US Federal Reserve, will present Wednesday two days of testimony before the Congress. What everyone wants is to know if the Fed will actually cut interest rates this month.

As a result, the day ended up 0.1% higher. They were down 0.1% and Nasdaq rose 0.5%, which is relatively healthy.

The problem for and was that many large stocks that had reached recent highs were pulling out, including Verizon Communications (NYSE :), Procter & Gamble (NYSE 🙂 and Coca-Cola (NYSE :).

PepsiCo soft drink and soft drink distributor NASDAQ 🙂 lost value in the aftermath of the second quarter results.

Bed Bath & Beyond (NASDAQ :), a retailer of home accessories, publishes its results after Wednesday's closing. Stocks have had highs and lows this year to close the second quarter up 1% over the previous year. Shares fell 49% in 2018.

But Big Tech had a good day with earnings for Apple (NASDAQ :), Amazon.com (NASDAQ :), Google Alphabet (NASDAQ 🙂 and Facebook (NASDAQ :).

Oil prices rose slightly during the day and rose slightly. Yield ended at 2.061%, up 1.3%.

Powell's testimony will provide investors with the first opportunity to hear his thoughts after the release of last June's jobs report, which showed that non-farm payrolls increased by 224,000, exceeding 160 000 expected. The report questioned the slowdown in the national economy, as suggested by the Fed in recent months.

Winners and losers among the actions

Technology companies Twitter (NYSE :), Amazon.com (NASDAQ 🙂 and Facebook (NASDAQ 🙂 have been among the top performers in the S & P 500 of the day.

Petroleum giant Chevron (NYSE :), giant of communication Verizon Communications (NYSE 🙂 and American Airlines (NASDAQ 🙂 have been among the worst in the S & P 500.