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Stocks wanted gains ahead of Powell's Jackson Hole speech



U.S. stocks point to gains to end the week as investors wait to hear what Fed Governor Jerome Powell says in his speech to central bankers at their annual meeting in Jackson Hole, Wyoming.

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

The Fed has been a topic this week in anticipation of Powell's speech, plus the release of the minutes from the last central bank meeting where interest rates were cut by 0.25 percent.

US stocks struggled Thursday after reversing the yield curve ̵

1; the third move in the last seven trading sessions – and a production target indicated contraction for the first time in ten years.

Ticker Security Last Change % Chg
In: DJI DOW JONES AVERAGES 26252.24 +49.51 + 0.19%
] SP500 S&P 500 29.95 19659018] -1.48 -0.05%
I: COMP NASDAQ COMPOSITE INDEX 7991.388419 -28.82 -0.36%

The reverse curve has been a reliable indicator of an upcoming recession, which has aroused markets.

Wall Street also seemed concerned about the not-just-lazy comments from Kansas City Fed President Esther George, who told FOX Business Wednesday that the US economy was "good." she is not "blind" to the risk around it.

MORE FROM FOXBUSINESS.COM …

In Europe, London's F TSE rose 0.7 percent, Frankfurt's Dax climbed 0.5 percent and France's CAC gained 0.4 percent.

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

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The Associated Press contributed to this article.


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