U.S. stock futures steady as all eyes are on Jackson Hole, Yellen U.S. stock futures on Friday were little changed in anticipation of a hotly awaited talk by Federal Reserve chief, Janet Yellen, in Jackson Hole, Wyo., later this morning. Ahead of the speech, a second estimate of second-quarter gross domestic product underscored that the U.S. economy is still muddling along, growing at a lackluster 1.1% pace—slower than preliminary reading of 1.2% as corporate profits fell. “Stocks barely budged after the GDP reading. “There wasn’t anything really surprising in the GDP data today and certainly not enough to move the markets ahead of Yellen,” said Colin Cieszynski, chief market strategist at CMC Markets. Stock-market futures were flirting with positive territory, but primarily were trading near break-even levels as investors waiting for Yellen http://www.marketwatch.com/story/wo...ures-in-their-tracks-2016-08-26?siteid=yhoof2
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Bank Funds Lead The Broad U.S. Market For A Second Time This Week BAC and WFC with biggest gains on strong volume
U.S. stock futures struggled for direction on Wednesday as investors awaited clues on the future path of U.S. interest rates with a duo of Federal Reserve speakers and a report on economic conditions on tap.
Lower open as investors remained cautious as they waited for more economic data to gauge the Federal Reserve's next policy move
With a stronger possibility of a rate hike the XLF is outperforming the SP500 of late. If the rate hike is given I expect BAC and C to lead the financial sector in that order and widen the gap between the XLF and SP500. If no rate hike is given then it would be 180 degrees from what I just wrote.
U.S. stocks surged on Monday after Federal Reserve Board Governor Lael Brainard stuck to her dovish stance on interest rates and urged caution about removing monetary stimulus too quickly. The Dow Jones industrial average (.DJI) rose 238.93 points, or 1.32 percent, to 18,324.38, the S&P 500 (.SPX) gained 31.18 points, or 1.47 percent, to 2,158.99 and the Nasdaq Composite (.IXIC) added 85.98 points, or 1.68 percent, to 5,211.89. http://finance.yahoo.com/news/wall-street-opens-lower-investors-133348145.html