U.S. stock futures were steady Friday after a rough session, ahead of an eagerly awaited speech from Federal Reserve Chair Jerome Powell.
What’s happening On Thursday, the Dow Jones Industrial Average DJIA fell 374 points, or 1.08%, to 34099, the S&P 500 SPX declined 60 points, or 1.35%, to 4376, and the Nasdaq Composite COMP dropped 257 points, or 1.87%, to 13464.
According to Bespoke Investment Group, the Nasdaq Composite has now failed to get back above its 50-day moving average four times since breaking that level two weeks ago. Now comes the big event, Federal Reserve Chair Jerome Powell’s speech at Jackson Hole, Wyo., at 10:05 a.m. Eastern. Last year Powell clobbered markets with talk of the need to raise interest rates further, but now he’s expected to be more balanced in his remarks.
She said she would need to see some slowing of the economy to be convinced that inflation is on the path back to its long-term 2% target. She had expected to see more of a slowdown in the economy, she conceded.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Breitbart News Daily Podcast Ep. 374: GOP 2024 Primary Debate; Breitbart’s Frances Martel on China and the BRICS SummitBreitbart World Editor Frances Martel discusses the BRICS summit underway in Johannesburg, and China's efforts to expand the membership of this economic alliance with Brazil, Russia, India, and South Africa.
Weiterlesen »
Asian Stock Market: Trades lower ahead of Fed’s Powell speech, Nikkei leads lossesAsian stock markets trade in negative territory on Friday. Markets turn cautious ahead of the Federal Reserve (Fed) Chairman Jerome Powell's speech. A
Weiterlesen »
Stock market today: Asian shares mostly decline ahead of Federal Reserve’s Powell speechAsian shares are mostly falling, discouraged by a Wall Street slump that followed a blowout profit report from Nvidia and mixed reports on the U.S. economy.
Weiterlesen »
Stock-market focus 'clearly on Powell'With Nvidia earnings out of the way, stock-market investors and traders are all about Fed Chair Jerome Powell's Friday morning speech. “The rally this week off the near-term Aug. 17 low appears to be fading, but the focus is clearly on Jay Powell speaking tomorrow,” said Louis Navellier, founder of
Weiterlesen »
Stock futures are little changed as investors await Powell's Jackson Hole speech: Live updatesStock futures were flat as Wall Street looks toward Jerome Powell’s speech in Jackson Hole, Wyoming.
Weiterlesen »
10-year Treasury yield falls as traders look ahead to Powell's Jackson Hole speechU.S. Treasury yields were higher at the long end of the curve as investors assess the outlook for interest rates ahead of the Fed’s Jackson Hole symposium.
Weiterlesen »