Forex
Warsh Speech Looms Large as US Futures Edge Lower
US stock futures are trading lower ahead of Federal Reserve Chair Kevin Warsh's speech at the annual Jackson Hole symposium. Investors are awaiting clues about the outlook for US interest rates, which could have a significant impact on the markets.
The latest corporate earnings have also been digested by investors, with Gap experiencing a nearly 15% surge in extended trading after naming a new CEO for its struggling Old Navy brand.
On the other hand, Marvell Technology and Autodesk tumbled more than 7% and 5%, respectively, following disappointing quarterly results.
The tech-heavy Nasdaq Composite jumped 1.57% in regular trading on Thursday, while the Dow Jones and S&P 500 gained 0.2% and 0.72%, respectively.