Stock futures rise with all eyes on Powell’s key Jackson Hole speech: Live updates

Stock futures rise with all eyes on Powell’s key Jackson Hole speech: Live updates


Traders on the floor of the New York Stock Exchange on Aug. 4, 2022.

Source: NYSE

Stock futures rose Friday as traders await an all-important policy speech from Fed Chair Jerome Powell for any guidance on future rate cuts.

Futures on the Dow Jones Industrial Average gained 157 points, or 0.4%. S&P 500 and Nasdaq-100 futures edged advanced 0.5% and 0.8%, respectively.

The Fed chairman, set to speak at 10 a.m. ET from the central bank’s annual conclave in Jackson Hole, Wyoming, is expected to signal it’s appropriate for the central bank to begin lowering interest rates soon, with limited clues about the magnitude and frequency of the reductions.

“Powell is expected to lay the groundwork for the Fed’s first rate cut in over four years,” said Adam Turnquist, chief technical strategist at LPL Financial. “Signs of reduced pricing pressures and cooling economic growth will likely be enough for policymakers to start reducing the target rate.”

Markets are betting on a quarter percentage point cut at the Sept. meeting, and leaving open about a 1-in-4 chance for a half percentage point reduction, according to the CME Group’s FedWatch. Minutes from the July session showed a “vast majority” of members in favor of a September cut.

Stocks were pressured on Thursday by a surge in Treasury yields in the run-up to the Jackson Hole speech. The S&P 500 fell 0.9%, while the tech-heavy Nasdaq Composite declined 1.7%, suffering its worst day since Aug. 5. The blue-chip Dow lost 177 points.

The Dow and the S&P 500 are still up modestly this week. However, the Nasdaq is down 0.1% week to date, poised to post fifth negative week in six.



Source

China’s homegrown coffee giants are brewing up a U.S. expansion
World

China’s homegrown coffee giants are brewing up a U.S. expansion

Chinese beverage chains are redefining coffee culture in the country — and now they’re trying to win over customers in the U.S. and beyond. Luckin Coffee, China’s largest coffee chain, has expanded aggressively in China and overtaken Starbucks on the mainland, with more than twice as many outlets. Following an accounting fraud scandal that got the company […]

Read More
Stock futures are little changed as investors await details on U.S.-China trade policy: Live updates
World

Stock futures are little changed as investors await details on U.S.-China trade policy: Live updates

Traders work at the New York Stock Exchange on June 4, 2025. NYSE Stock futures are near flat on Monday night as investors waited for more insight on trade discussions between the U.S. and China. Dow Jones Industrial Average futures add 25 points points, or 0.1%. S&P 500 futures and Nasdaq 100 futures each also […]

Read More
Danny Moses of ‘The Big Short’ breaks down why he likes the unloved energy sector now
World

Danny Moses of ‘The Big Short’ breaks down why he likes the unloved energy sector now

Investor Danny Moses, who made a killing betting against mortgage-backed debt before the 2008 crash, revealed he is bullish on the unloved energy sector. The Moses Ventures founder pointed out that energy stocks’ weighting in the S & P 500 benchmark is only 3% right now, compared to their historical average of 7%. “I don’t […]

Read More