US stocks steady ahead of earnings and Warsh speech
U.S. stocks stabilized at the start of Friday as investors awaited corporate earnings reports and the beginning of Fed Chair Jerome Powell's speech, which is a key focus for interest rate outlooks despite not being tied to an official meeting. Expectations suggest a 64% chance of rates remaining unchanged. The Dow Jones and S&P 500 each rose by nearly 1%, while the Nasdaq is heading toward gains of over 1%. Shares of Gap surged 20% after appointing a new CEO, while Marvell Technology's stock dropped 7% following weak earnings forecasts. If the Dow closes higher, it will mark its first positive week in three weeks.
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