Dow Jones Futures Fall As PacWest Dives; Fed Chief Powell Pushes Back On Rate Cuts

News Snapshot:

Dow Jones futures and S&P 500 futures tilted lower overnight, while Nasdaq futures rose slightly, as PacWest Bancorp (PACW) plummeted late on a report that it's is mulling putting itself up for sale. HubSpot and Shopify led a slew of top stocks reporting earnings before Thursday's market open. Apple looms Thursday night. X The Federal Reserve hiked rates Wednesday afternoon, with the central bank and Fed chief Jerome Powell hinting at a pause. But they didn't rule out further tightening, and Powell continued to push back at market calls for Fed rate cuts later this year. The stock market rally...