Major stock indexes on Wall Street traded higher in the premarket on Wednesday as attention turned to Federal Reserve Chair Jerome Powell’s testimony in Congress, which will last two days. Investors are looking to pick up more cues on when the United States central bank could potentially start easing its monetary policy.

Meanwhile, in data, the ADP employment report, alongside MBA mortgage application figures, will be released later today.

The Dow Jones gained 0.15% at 4:03 am ET. Concurrently, the Nasdaq 100 advanced 0.63% and the S&P 500 increased 0.32%. The euro traded 0.15% above the dollar at 4:04 am ET, going for 1.08745.

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