Wall Street is coming off a positive week for the major averages, where the Dow Jones Industrial Average snapped a four-week losing streak.
include congressional testimony Tuesday and Wednesday from Fed chair Jerome Powell, who will guide investors on how the central bank is thinking about inflation and its rate-hiking campaign going forward.
Traders are also anticipating the February jobs report on Friday, which follows January's blockbuster report that showed the economy added 517,000 payrolls. Economists polled by Dow Jones are expecting 225,000 jobs added last month. On Monday, the latest factory orders data will also be released after the bell. Economists are expecting a decline of 1.8% in January, according to consensus estimates from Dow Jones. That's compared to a 1.8% gain in the prior reading.CNBC Pro: Daily trading in zero-day options hits a record $1 trillion, fueling concern of ‘Volmageddon 2.0’
Zero-day-to-expiration options are not for the faint of heart, but they still exploded in popularity as of late, spurring concerns of exaggerated volatility in the market.exploded to reach a record $1 trillion, according to JPMorgan data. Marko Kolanovic, the top strategist at JPMorgan, warns of the risk of "Volmageddon 2.0" if the activity continues to accelerate. Meanwhile, Goldman Sachs' trading desk called the record volume in these fleeting contracts "staggering.
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