Stock futures are flat ahead of Fed's Jackson Hole symposium
The three major U.S. indexes closed Thursday's regular trading session lower. The Dow snapped a four-day win streak while the S&P 500 and the Nasdaq Composite both broke five-day win streaks.Market participants monitored new developments in Afghanistan, which appeared to weigh on investor sentiment. The Pentagon on Thursday confirmed thatnear Hamid Karzai International Airport in Afghanistan killed 12 U.S. service members and wounded 15.
"Markets don't like uncertainty and the uncertainty in Afghanistan is high and feels like it's rising," said Bob Doll, chief investment officer of Crossmark Global Investments.. The Fed's annual Jackson Hole symposium will be held virtually this year, with Chair Jerome Powell's speech taking center stage Friday morning. Market participants await insights into the central bank's plan to slow its monthly bond purchases.The three major stock averages are all set to close the week in the green. The Dow is up 0.3% week-to-date, while the S&P 500 is up 0.6% and the Nasdaq Composite is 1.6% higher.
The indexes are also on track to end the month higher. The Dow is up 0.8% in August. The S&P 500 is 1.7% higher and the Nasdaq Composite is up 1.9% this month.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
European stocks set to retreat as global markets subdued ahead of Fed symposiumEuropean shares are set to drop Thursday, with global markets striking a cautious tone as U.S. Federal Reserve policymakers gather for a monetary policy summit.
Consulte Mais informação »
European shares set for cautious open ahead of Fed summitEuropean markets are set for a slightly lower open on Wednesday, tracking global sentiment as investors await a key meeting of central bankers.
Consulte Mais informação »
The fight over the Fed—will Jerome Powell get to see his bold agenda through?Our podcast on markets, the economy and business. Also this week: why construction firms cannot keep up with the rich world’s housing boom and the race for territory as American states legalise sports betting | Podcasts
Consulte Mais informação »
Wall St slips on worries over Fed tapering, banks limit lossesWall Street fell on Thursday on fears of a faster tapering of the Federal Reserve's bond purchase program, although gains in banks and some strong earnings reports helped cap losses.
Consulte Mais informação »
Insider's guide to the Fed, what it does, and why you should careBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Consulte Mais informação »
Despite his shortcomings, Jerome Powell should be reappointed Fed chairmanIt is still unclear how history will view Jerome Powell’s first term at the Fed
Consulte Mais informação »