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Stocks Prepared for Profit Before Jackson Hole's Speech



U.S. shares are showing gains to close the week as investors wait to hear what Fed Chairman Jerome Powell says in a speech to central bankers at their annual meeting in Jackson Hole, Wyoming.

Dow Industrial futures are 0.3 percent higher, S&P 500 futures are up 0.4 percent and Nasdaq futures are up 0.5 percent.

The Fed was the subject of this week's anticipation of Powell's speech, plus the publication of the minutes of the last central bank meeting, which cut interest rates by 0.25 percent.

US stocks struggled on Thursday after the yield curve reversed ̵

1; the third such move in the last seven trading sessions – and a production measure showed a shrink for the first time in a decade.

Ticker Security Last Change % Chg
I: DJI DOW JONES AVERAGE 26252.24 +49.51 + 0.19% [1965] ] SP500 S&P 500 S&P 500 19659018] -1.48 -0.05%
I: COMP NASDAQ COMPOSITE INDEX 7991.388419 -28.82 0.36%

The inverted curve is a reliable indicator of a

Wall Street also seems concerned about the inaccurate comments by Kansas City Esther George, who said Wednesday on FOX Business that the US economy is doing well "although

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In Europe, London The F TSE rose 0.7%, the Frankish Dax rose 0.5% and the French CAC gained 0.4%.

Asian markets ended the day with gains. Tokyo Nikkei rose 0.4 percent, China's Shanghai Composite rose 0.5 percent, and Hong Kong's Hang Seng rose 0.5 percent.

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The Associated Press contributed to this article.


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