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US stock futures steady amid anticipation of Jerome Powell's speech
US stock futures were steady in overnight trading on Monday, following a quiet start to a crucial week marked by keynote speeches from Federal Reserve officials and retail earnings results.
Dow Jones Industrial Average futures were steady. S&P 500 and Nasdaq 100 futures were also trading near flat.
Investors are awaiting cues from Federal Reserve Chairman Jerome Powell on what will happen at the central bank's remaining policy meetings this year. Central bankers from around the world will gather this week in Jackson Hole, Wyoming, for the Fed's annual economic symposium.
At the close of Wall Street on Monday, August 18, US stocks were mixed, following a week of gains, as traders awaited key retail earnings and Federal Reserve Chairman Jerome Powell's speech at the 2025 Jackson Hole meeting.
The Standard & Poor's 500 index fell 0.01% to close at 6,449.15.
The Dow Jones Industrial Average lost 34.30 points, or 0.08%, to close at 44,911.82.
The technology-dominated Nasdaq Composite index rose 0.03% to close at 21,629.77.
The Federal Reserve will be in focus this week, as central bankers head to Jackson Hole, Wyoming, for their annual economic policy symposium.
Investors will be watching this event for clues about the future path of interest rates. According to the Chicago Board of Trade's FedWatch tool, Federal Reserve funds futures indicate a roughly 85% probability that the central bank will cut interest rates at its next monetary policy meeting in September.
