The S&P 500 ended Tuesday just short of a new closing record, while the tech-heavy Nasdaq Composite climbed to an all-time high as bitcoin staged an intraday comeback.

The S&P 500 climbed 0.5% to end the day at 4,246.44.

Fed Chairman Jerome Powell is testifying before the House of Representatives Tuesday on the central bank’s response to the pandemic. His remarks, which were released ahead of the hearing Monday evening, supported the notion that the Fed is ready to soon start discussing removing some of its unprecedented stimulus measures enacted during the pandemic.
 

U.S. stock index futures were mildly higher during early morning trading on Wednesday, after the S&P 500 closed shy of a new record on Tuesday.

Nasdaq erased earlier losses and climbed 0.8% to hit a fresh intraday record and finish at 14,253.27.

Major technology shares led the market rally Tuesday as Netflix climbed 2.3%, while Amazon, Apple and Microsoft all gained at least 1%. Facebook jumped 2%. Alphabet shares turned higher even after the European Commission opened a probe into Google’s advertising unit.

To subscribe to real time signal, email to us at futures.coin@gmail.com for details. Sign up today for June subscription.

Plan B : Consider short only if oil price fails to stay firm above 72.8. Targets are 71.9 and 71.1.