Here’s what we’re watching ahead of Tuesday’s opening bell.
—U.S. stock futures climbed ahead of a slew of earnings releases and testimony by Janet Yellen in which she is expected to support higher coronavirus relief spending.
Futures tied to the S&P 500 rose 0.6%, pointing to a rally after the opening bell. Those linked to the Nasdaq-100 added 0.9%, suggesting gains in tech stocks. Read our full market wrap here.
What’s Coming Up
—Janet Yellen, President-elect Joe Biden’s choice for Treasury secretary, is set to testify before the Senate Finance Committee, which is considering her nomination, at 10 a.m. ET. She is expected to tell lawmakers that the U.S. risks a longer recession unless Congress approves more aid and affirm the commitment to market-determined exchange rates.
—Quarterly results from Goldman Sachs are expected before the open. Netflix will report after markets close.
Read More: Tesla, GameStop, Coherent: What to Watch When the Stock Market Opens