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Benzinga
Benzinga
Business
Shanthi Rexaline

US Stocks Look Set To Snap Out Of 5-Session Losing Streak Today As Fed Official Tempers Hawkish Tone — Twitter, Tesla In Spotlight

U.S. stocks look set to snap a five-session losing streak, as indicated by trading in the major index futures. Bargain hunting could generate some buying interest even as traders remain concerned about growth and interest rates.

On Monday, the major U.S. averages opened slightly lower but turned modestly higher in early trading. The modest optimism later gave way to deep-rooted pessimism concerning the economy, sending the averages lower for the session.

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