The Federal Reserve Chair is about to testify before a Senate Banking, Housing and Urban Affairs Committee.
Kevin Lamarque.
The US stock market fell on Monday, extending last week's gains ahead of a key Fed meeting.
The Federal Reserve is expected to meet Tuesday and Wednesday and could speed up its program.
Apple is less than 1% away from hitting a $3 trillion valuation milestone.
The US stock market opened the week lower after last week's gains ahead of a key Federal Reserve policy meeting.
The Fed Chairman is expected to announce a quickening of the monthly bond purchase program in order to combat inflation. When the Fed may raise interest rates is a topic that investors will be interested in.
Apple is on the verge of becoming the first company to hit a $3 trillion valuation. The $3 trillion market valuation is reached if the stock price hits $182.85. The shares traded for $181.72 in the early hours of Monday.
The US indexes stood at 9:30 a.m. The hours are open on Monday.
Apple's upcoming budged 5G iPhone SE will help accelerate sales in the future, and will drive upside in the stock to $210. Apple was one of the bank's top picks.
Pfizer agreed to acquire Arena Pharmaceuticals for over $6 billion, or $100 per share. Arena Pharmaceuticals is working on a drug for ulcerative colitis.
The mayor of Miami is going to take some of his retirement savings in the virtual currency as he continues to promote the city as a place to live.
The price of West Texas Intermediate crude oil dropped as much as 4%. The price of oil fell as much as 0.52%.
The price of gold rose as much as 0.07%.
Business Insider has an original article.
