Stocks Up, 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’s rate cooled down on bulls

US stocks rose on Friday, likely to break a six-day losing streak for the Dow, as investors looked to ease market volatility amid stabilizing cryptocurrency prices and detailed comments on near-term interest rate hikes from Federal Reserve Chairman Jerome Powell.

Speaking on the public marketplace radio show, Powell essentially reiterated the case for a 50 basis point rate hike at the next two policy meetings in June and July “if the economy performs as expected” and reiterated his view that a 75 basis point increase is not “not being actively considered.” “.

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