Consumer inflation data, Amazon stock split, Yellen testimony top week ahead

Inflation at the consumer level will be a major economic focus this upcoming week along with another round of corporate earnings and what could be more volatility for U.S. stocks. 

The Nasdaq Composite, on Friday, fell 2.4%, the S&P 500 shed 1.6% and the Dow Jones Industrial Average fell over 1% or 349 points. The 10-Year Treasury yield rose to 2.955% as investors anticipate more rate hikes by the Federal Reserve. 

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 32899.7 -348.58 -1.05%
SP500 S&P 500 4108.54 -68.28 -1.63%
I:COMP NASDAQ COMPOSITE INDEX 12012.733912 -304.16 -2.47%

FOX Business takes a look at the upcoming events that are likely to move financial markets in the coming days. 

Monday 6/6 

Apple will also

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Inventory futures trade mixed forward of bank earnings, Fed testimony

U.S. fairness futures are trading blended in advance of Federal Reserve Chairman Jerome Powell’s two-day testimony before Congress.

The key futures indexes advise a slight drop on the Dow and a obtain of .4% on the Nasdaq.

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Powell will provide the Fed’s semiannual report to Congress on the economic system. Buyers will be listening for hints on financial coverage similar to increasing inflation. Central bank officials have explained that they feel pricing pressures will be quick-lived. 

A report on Tuesday confirmed buyer selling prices in June rose by the most in 13 years. 

WALL Road Just isn’t SO Certain INFLATION WILL BE TRANSITORY

The report incorporating to worries that the Fed could possibly look at withdrawing its reduced-interest level guidelines and scaling again its bond purchases

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