Stocks to Watch: Markets to Open Higher Ahead Of Crucial Fed Statement

U.S. stocks futures were up Wednesday, ahead of the Fed’s key monetary policy statement.

The Federal Reserve Open Market Committee will publish its monetary policy decision on Wednesday, at 2 PM eastern time. The statement will include updated projections on interest rates.

The statement will be followed by a speech by Fed Chairman Jerome Powell. Investors are concerned that the speech might hint at tapering. Some worry the Fed has artificially inflated the markets. If so, tapering could burst it…or at least, cause some near term pain for investors.

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Chinese developer Evergrande announced it made a deal with creditors over $36 million worth of bonds due on Thursday. Asian markets slightly recovered after the announcement.

Equities

U.S. stock futures were up ahead of the Fed monetary policy announcement.

Level Chg. Chg. %
DOW Futures 33,991.00 193 0.57%
S&P 500 Futures 4,366.25 23 0.53%
Nasdaq Futures 15,066.00 42 0.28%

U.S. Dollar and Treasuries

The yield on the 10-year Treasury rose two basis points. The dollar strengthened against a basket of major currencies.

Price Chg. Chg. %
U.S. Dollar Index (DXY): 93.24 +0.04 +0.04%

 

Yield Change Previous close
U.S. 1 Year Treasury Bill 0.073% 0.002 0.071%
U.S. 2 Year Treasury Note 0.230% 0.016 0.214%
U.S. 5 Year Treasury Note 0.846% 0.015 0.831%
U.S. 10 Year Treasury Note 1.343% 0.018 1.325%
U.S. 20 Year Treasury Bond 1.812% 0.011 1.801%
U.S. 30 Year Treasury Bond 1.869% 0.011 1.858%

Stocks To Watch

Marin Software, an online advertising company, announced it had entered a revenue share agreement with Google. The company will get a share of Google ad revenue its clients spend.

Shares of Aethlon Medical surged on retail investor interest. Retail investors are seeing the company as a potential short-squeeze target.

Shares of Predictive Oncology, an AI-driven medical company, rose despite no company-related news.

Symbol Price Chg. Chg. % Volume
Marin Software Inc MRIN $10.36 +4.67 +82.07% 9.80M
Aethlon Medical Inc. AEMD $5.07 +1.270 +33.42% 4.53M
Predictive Oncology. POAI $1.19 +0.2200 +22.68% 1.86M

 

Commodities To Watch

Oil rose on declining U.S. stock. Gold dropped. 

Price Chg. %
WTI Crude Oil $71.53 1.48%
Brent Crude Oil $75.37 1.36%
Natural Gas $4.83 0.46%
Gold $1,773.70 -0.25%
Silver $22.67 0.24%
Copper $4.23 2.51%
Soybeans $1,277.00 0.24%

Crypto

Crypto markets continue to fall. The global crypto market cap is $1.85T, a 4.05% decrease over the last 24 hours. Bitcoin’s dominance is currently 42.63%, an increase of 0.38% in the same period.

Symbol Price Chg. % Market Cap.
Bitcoin BTC $41,947.55 -3.15% $789.58b
Etherium ETH $2,897.14 -5.36% $339.59b
Cardano ADA $2.09 -3.49% $65.11b
Ripple XRP $0.9198 -3.14% $40.54b
Dogecoin DOGE $0.2084 -1.90% $27.38b

 

 

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