Stock futures in the United States were unchanged overnight Tuesday, as investors continue to process information from Federal Reserve regarding inflation and interest rates.

Dow futures were down just 11 point. S&P 500 futures dropped 0.03% and Nasdaq 100 futures fell 0.05%.

You can find more information here TuesdayThe major averages rose after investors analyzed recent comments by Federal Reserve Chief Jerome Powell. Last week, the Fed raised interest rates for the first time since 2018 and forecast a plan to hike rates by a quarter point at each of the remaining six meetings of 2022.

But then Powell appeared to up the rhetoric even more on Monday, when he promised to take tough action on inflation.

The National Association for Business Economics was informed by the chief of the central bank that “the labor market is very robust, and inflation is far too high.” “If it’s decided that more aggressive action is necessary, by increasing the federal funds rate more than 25 basis point at any meeting or gathering, then we will.”

Due to Tuesday’s 2.2% rise in the Dow Jones Industrial Average, more than 250 Dow Jones Industrial Average points rose. Nike’sStocks that have experienced strong earnings. The S&P 500 climbed 1.1%.

Nasdaq composite was relative outperformer. It grew 2% Meta Platforms, Amazon, Apple, NetflixGoogle-parent AlphabetAll closed higher.

On Tuesday, the 10-year U.S. Treasury benchmark yield hit 2.39 % at its session highs. It was the highest since May 2019!

Jim Paulsen (chief investment strategist at the Leuthold Group) stated that investors are encouraged by the fact the stock market doesn’t seem to be concerned about the Federal Reserve getting more hawkish or bond yields rising higher.

The S&P 500 is only 5% off its record and has surpassed both its 50-day and 200-day moving averages.

Still, famed activist investor Carl Icahn said Tuesday an economic downturn could be coming.

Icahn Enterprises founder and chair, stated that “there could very possibly be a recession” or worse on CNBC.Closing Bell OvertimeScott Wapner.

The economic news front: Wednesday at 10:00 a.m., data on new homes sales for February will be available.

Generals Mills and Cintas and Tencent Holdings are expected to report their quarterly earnings on Wednesday before the bell rings. KB Home will be reporting after the bell.