Attention in the short term will shift to earnings as chip maker Nvidia reports this week. Dow Jones Industrial Average futures were up 61 points, or 0.1%. S&P 500 futures were gaining 0.1% and Nasdaq 100 futures were falling less than 0.1%.
Federal Reserve Chair Jerome Powell on Friday signaled a willingness to cut interest rates, which will likely push mortgage rates down in the near term, economists say.
-- Japanese core consumer price index inflation grew as expected in July, but a drop in underlying inflation- to levels below the Bank of Japan’s target- raised doubts...
Stock futures were looking for direction Thursday's with markets on edge ahead of Federal Reserve Chair Jerome Powell’s speech to the Jackson Hole monetary policy conference. It will be tough for markets to take a firm direction until Powell has addressed Jackson Hole. The Fed chair’s speech on Friday could give investors a clearer signal about where interest rates are headed as the central bank gets ready to start slashing borrowing costs in a bid to support the U.S. labor market.
Dovish Fed minutes and a big revision in labor market gains has investors betting on more interest-rate cuts between now and year's end.
-- Japanese manufacturing activity shrank in early August as the country’s biggest automakers struggled with disruptions in output, while services activity grew...
- The U.S. economy added significantly fewer jobs than first reported during the past year, after a sharp revision to previously published data, likely cementing the...
(Bloomberg) -- A measure of US mortgage applications for home purchases slid last week to the lowest level since February, indicating elevated housing prices are impeding a nascent upswing in demand from falling mortgage rates.Most Read from BloombergThe Serious Work That Free Play Can DoThe Mortgage Bankers Association’s index of mortgage applications to buy a home decreased 5.2% to 130.6 in the week ended Aug. 16. Refinancing applications also tumbled after surging to a two-year high in the pr
-- Japan’s trade balance shrank more than expected in July as persistent disruptions in manufacturing output spurred slower-than-expected growth in exports, while...
- U.S. retail sales rose by a larger than expected amount in July, pointing to resilience in consumer spending activity ahead of next month’s Federal Reserve...