U.S. Stock Futures Trade Mixed Ahead of Fed Chair Powell’s Speech
U.S. stock futures showed mixed performance early Friday as investors awaited Federal Reserve Chairman Jerome Powell's keynote at the Jackson Hole symposium. Nasdaq 100 futures dipped 0.10%, while S&P 500 and Dow Jones futures edged up 0.04% and 0.14% respectively. The speech marks Powell's potential farewell address before his anticipated retirement later this year, with markets scrutinizing for signals on interest rate policy.
Thursday's session extended losses for major indices, with the S&P 500 recording its fifth consecutive decline. Tech stocks displayed divergent post-earnings moves—Intuit slid 5.5% despite beating estimates, while Zoom surged 5.7% on strong guidance. All eyes remain fixed on monetary policy cues as the Jackson Hole symposium continues.