U.S. equities (^DJI, ^GSPC, ^IXIC) are trading more or less flat today as investors wait for the next catalyst either up or down. New York Stock Exchange floor trader Keith Bliss of Cuttone and Company says that could come in many forms (Greece, China or earnings chief among them) but most likely not in the next few days.
Here are some of the other stories Yahoo Finance is watching today.
Yellen on the Hill
Janet Yellen is on Capitol Hill for her semi-annual Congressional grilling. In her opening statement, the Fed Chair said:
If the economy evolves as we expect, economic conditions likely would make it appropriate at some point this year to raise the federal funds rate target, thereby beginning to normalize the stance of monetary policy.
The tension rose in the House Financial Services Committee hearing when Chairman Rep. Jeb Hensarling (R-Tex) and Rep. Sean Duffy (R-Wis) both took to questioning Yellen about ignoring a subpoena related to a congressional leak probe.
Apple in Iran
In a move that would further cement its global dominance in the tech marketplace, Apple (AAPL) has been in touch with Iranian distributors in hopes of getting its gadgets in the hands of everyday citizens there, according to a report in the Wall Street Journal.
Donald Trump's bank account
Donald Trump's presidential campaign is expected to disclose more details about the candidate's personal wealth today. When he announced his intention to run Trump estimated his net worth somewhere around nine billion dollars. If that number holds true it would make him the richest man ever to seek the highest office in the land.
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Tokyo's expensive Olympic Stadium
Work is underway on the centerpiece for Tokyo's 2020 Summer olympics - a new national stadium. Cost estimates for the two billion dollar behemoth would make it the most expensive sports stadium in the world. With the country a bit strapped for cash, Prime Minister Shinzo Abe is facing increasing pressure about the growing project.
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