Dow jumps over 300 points after retail sales data as investors await Fed's Powell

How are stock-index futures trading? On Monday, the Dow industrials finished less than 0.1% higher, the S&P 500 closed 0.4% lower and the Nasdaq Composite fell 1.2% to 11,662.79. The declines followed another losing week for all three major indexes amid a selloff that’s seen the S&P 500 fall to the brink of a bear market and tech shares crater.

“Retail sales in April show that the consumer is weathering the inflationary headwinds, rising for the fourth consecutive month,” said Jeffrey Roach, chief economist at LPL Financial, in emailed remarks. In other U.S. data published Tuesday, industrial production rose 1.1% in April, the Federal Reserve reported Tuesday, topping expectations for a 0.5% gain. Capacity utilization rose to 79% in April from 78.2% in the prior month. The capacity utilization rate reflects the limits to operating the nation’s factories, mines and utilities. Economists had forecast a 78.6% rate.

China’s top economic official gave a public show of support for digital platform companies Tuesday, suggesting Beijing may be ready to let up on a year-long clampdown on technology giants as it battles a slowing economy.

$HTSC, Nickel Sulphide miner. Nickel Sulphide makes up the majority of Tesla's EV battery. $HTSC extremely undervalued. See you at 1.00 imo. Last trade .045?

its a trap. When have stocks gone up after Powell speaks this year?

'the economy remained healthy' 5$ gas and Grocery shortages is healthy?

Dead Bounce

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