Wall St Pauses Ahead of Warsh's Speech at Jackson Hole

Wall Street's main indexes are poised for a muted open on Friday as an AI-fueled rally fizzles out ahead of Federal Reserve Chair Kevin Warsh's speech at Jackson Hole. The U.S. Treasury's move to calm bond markets last week has put his speech in sharper focus.

Investors will scrutinize his comments for any hints on how the central bank plans to approach monetary policy after mixed inflation data this month.

The chip stocks, which had rallied in the previous session sparked by Nvidia's blockbuster forecast, pulled back. Nvidia slipped 0.2% in premarket trading, while Micron Technology and Intel were down over 1.5% each.