Higher Stocks, Elon Musk, Twitter, Bitcoin, GE – 5 Things to Know

Here are five things you should know for Friday, May 13:

1. — Stock futures rose as Powell rate calms rate betting bulls

U.S. stocks rose on Friday, potentially breaking a six-day streak of losses for the Dow as investors sought an ease on market volatility amid stabilizing cryptocurrency prices and detailed commentary on rate hikes. short-term report of Federal Reserve Chairman Jerome Powell.

Speaking with Marketplace’s public radio show, Powell essentially confirmed the case for 50 basis point increases at the next two policy meetings in June and July “”if the economy works as expected” and reiterated his view that an increase in 75 basis points is ‘not being’ actively considered”.

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