Stocks ticked higher Friday morning as investors awaited economic data and continued to digest remarks made by Federal Reserve Chair Jerome Powell on Thursday about a change to the Fed’s framing for setting interest rates, which implies interest rates remaining lower for longer. Data on consumer spending, sentiment, as well as inflation figures for July, will be released at 8:30 am this morning, providing a glimpse into the economic recovery and how the U.S. consumer—a major driver of the economy—is faring. S&P 500 futures gained 0.3% while Nasdaq Composite futures were up by 0.1%. Read More...
Stocks ticked higher Friday morning as investors awaited economic data and continued to digest remarks made by Federal Reserve Chair Jerome Powell on Thursday about a change to the Fed’s framing for setting interest rates, which implies interest rates remaining lower for longer. Data on consumer spending, sentiment, as well as inflation figures for July, will be released at 8:30 am this morning, providing a glimpse into the economic recovery and how the U.S. consumer—a major driver of the economy—is faring. S&P 500 futures gained 0.3% while Nasdaq Composite futures were up by 0.1%.
Add Comment