Nasdaq and S&P 500 futures are on the rise ahead of Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole symposium. The Invesco QQQ Trust and SPDR S&P 500 are both seeing positive movements in response to the anticipation of Powell’s address.
Investors are eagerly awaiting Powell’s remarks, as they look for clues on the central bank’s future monetary policy decisions. The Nasdaq and S&P 500 futures’ jump suggests that investors are optimistic about the potential outcomes of Powell’s speech.
The Invesco QQQ Trust, Series 1 (NASDAQ:QQQ) and SPDR S&P 500 (ARCA:SPY) are both popular exchange-traded funds that track the performance of the Nasdaq and S&P 500 indices, respectively. These ETFs are often used by investors as a way to gain exposure to the overall market or specific sectors.
Overall, the market is showing positive momentum as investors await Powell’s address at the Jackson Hole symposium. The Invesco QQQ Trust and SPDR S&P 500 are both benefiting from the optimism surrounding Powell’s upcoming speech.