Stock Market Today: S&P 500, Nasdaq Futures Rise Despite Powell's Cautious Take On Stocks—Micron Tech, Cintas, KB Home In Focus

U.S. stock futures rose on Wednesday following Tuesday’s declines. Futures of major benchmark indices were higher.Federal Reserve Chair Jerome Powell acknowledged that "by many measures… equity prices are fairly highly valued,” on Tuesday. However, while acknowledging the high valuations, Powell sought to temper immediate fears. He added that he does not believe this is a "time of elevated financial stability risks," suggesting the central bank is not yet alarmed about systemic threats from asset prices. In ...