Netflix, Amazon, Jerome Powell, Walmart and Microsoft - 5 Things You Must Know

U.S. stock futures traded flat to slightly lower on Tuesday, July 17, ahead of Federal Reserve Chairman Jerome Powell's first testimony before Congress. Powell is likely to tell the U.S. Senate Banking Committee on Tuesday at 10 a.m. ET, and the House of Representatives Financial Services Committee on Wednesday, July 18, that the central bank remains committed to gradual monetary policy tightening. The Fed raised rates in March and June, and has indicated two more rate hikes will be coming in 2018.

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