Stocks Move Higher, Elon Musk & Twitter, Bitcoin, Robinhood And GE – 5 Things You Must Know

Here are five things you must know for Friday, May 13:

1. — Stock Futures Moved Higher As Powell Rate Soothe Rate Betting Bulls

U.S. equity moved higher Friday, potentially snapping a six-day losing streak for the Dow, as investors looked to an ease in market volatility amid stabilizing cryptocurrency prices and detailed comments on near-term rates hikes from Federal Reserve Chairman Jerome Powell.

Speaking with the Marketplace public radio show, Powell essentially confirmed the case for 50 basis point rate hikes at the next two policy meetings in June and July  ““if the economy performs about as expected” and reiterated his view that a 75 basis point hike isn’t being ‘actively considered”.

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