US Stock Futures Slip 0.3% as Traders Await Warsh's Jackson Hole Rate Signals
Updated
Updated · Bloomberg · Aug 28
US Stock Futures Slip 0.3% as Traders Await Warsh's Jackson Hole Rate Signals
3 articles · Updated · Bloomberg · Aug 28
Summary
Nasdaq 100 futures fell 0.3% and Treasuries held steady as investors avoided large positions before Federal Reserve Chair Kevin Warsh’s Jackson Hole speech.
Rate expectations drove the pause, with traders looking to Warsh for fresh clues on the path of US interest rates.
Nvidia’s upbeat outlook failed to sustain early AI-trade enthusiasm, and Marvell Technology deepened the drag by dropping more than 7% in extended trading after earnings.
Outside the US, Asian equities rose 0.2% and European markets were set for a similar gain, underscoring a more cautious tone centered on the Fed event.