Investing.com -- U.S. stocks were rising on Thursday as investors anticipated remarks by Federal Reserve Chair Jerome Powell later today amid a continued wave of corporate earnings reports.The 30-stock Dow closed over 300 points, or 0.3%, lower, while the benchmark S&P fell 1.3% and the tech-heavy Nasdaq dropped 1.6%.added to these concerns, saying on Wednesday that the Fed will likely keep rates higher for longer for “some time” to rein in inflation toward its 2% target.
This brings Powell into the spotlight, as he is scheduled to speak later at the Economic Club of New York. Investors will be hoping to receive hints as to the direction of monetary policy heading into the last few months of the year.Investors will also keep an eye on developments in the Middle East, with Israel saying it would not block civilian aid from entering Gaza from Egypt, after talks with President Joe Biden, as long as those supplies do not reach Hamas.
Israel's bombardment and siege of Gaza is in retaliation for the deadly attacks on Israeli citizens by militants on Oct. 7.) stock surged over paid subscriber numbers that were higher than expectations. The streaming company's subscribers rose 8.8 million in the third quarter, boosted by its efforts to restrict sharing of accounts. Netflix shares rose more than 14%.
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