S&P 500 Futures Record Modest Gains, Reaching Highest Since Aug.

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S&P 500 Futures are displaying slight upward movements, reaching their highest levels since August. Market participants are closely monitoring two key factors: the upcoming speech by Federal Reserve Chairman Jerome Powell and the ongoing negotiations surrounding the US debt ceiling. Traders are particularly focused on these developments as US President Joe Biden is reported to have a decision deadline to avert a default by Sunday.

Amidst this backdrop, our analysis indicates the potential for a bullish impulse in the short-term timeframe.