U.S. stock index futures dipped on Thursday as tensions between Washington and Beijing dampened the mood ahead of an address by Federal Reserve ...
REUTERS: U.S. stock index futures fell on Thursday as weekly jobless claims hovered near the 1 million mark, while investors waited to hear from Jerome Powell on the Federal Reserve's approach to lifting the economy out of a pandemic-led recession.
All eyes are now on Powell, who is likely to make a case for higher inflation tolerance and lower interest rates in an overhaul of the central bank's policy approach in his remarks at the virtual Jackson Hole symposium. The Fed chief's address begins at 9:10 a.m. EDT . "The money managers are starting to get ahead of that trade and that's why they continue to go into the stocks that they deem the safest, which is the tech stocks right now."At 8:34 a.m. ET, Dow e-minis were down 3 points, or 0.01per cent, S&P 500 e-minis were down 3 points, or 0.09per cent and Nasdaq 100 e-minis were down 22.75 points, or 0.19per cent.
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