Traders enactment connected the level astatine the New York Stock Exchange (NYSE) successful New York City, U.S., August 21, 2025.
Brendan McDermid | Reuters
U.S. banal futures were small changed Thursday nighttime up of Federal Reserve Chair Jerome Powell's code astatine Jackson Hole connected Friday. Investors volition beryllium seeking clues connected the way guardant for monetary policy.
Dow Jones Industrial Average futures roseate 50 points, oregon 0.1%. S&P 500 futures and Nasdaq 100 futures each added astir 0.1%.
Intuit shares dropped astir 6% successful extended trading adjacent aft the shaper of TurboTax and QuickBooks posted fiscal fourth-quarter results that topped Wall Street's expectations. Zoom Communications shares gained 5% aft the institution reported second-quarter results that exceeded expectations.
Wall Street is coming disconnected a losing session, with the S&P 500 posting a 5th consecutive time of declines. The broad-market scale fell 0.4%, portion the Nasdaq Composite slid 0.34%. The Dow Jones Industrial Average fell 152.81 points, oregon 0.34%.
Investors are looking guardant to Powell's code astatine the cardinal bank's yearly economical symposium successful Jackson Hole, Wyo., hoping to summation clarity connected the involvement complaint outlook. Markets were past pricing successful a 75% accidental of a quarter-point chopped astatine the September meeting, according to the CME FedWatch tool.
Recently, the imaginable of little involvement rates helped bolster parts of the marketplace that person missed retired connected this year's rally, with investors dumping megacap tech for tiny caps and worth plays. However, a much hawkish outlook from Powell could propulsion acold h2o connected the market. In his speech, Powell volition person to outline a way guardant for the monetary argumentation portion balancing some sides of his dual mandate.
"I deliberation the Fed and what Powell is going to effort to articulate and pass is an mentation and a justification for the Fed to commencement a process of cutting involvement rates starting successful September," Morgan Stanley Investment Management's Jim Caron said Thursday connected CNBC's "Closing Bell." "And I deliberation that should beryllium supportive for markets."
That could find the absorption of the near-term outlook for a banal marketplace that's travel nether pressure. As of Thursday's close, each 3 large averages were headed for a losing week. The S&P 500 is disconnected 1.2% week to date, portion the Nasdaq is down 2.4%. The 30-stock Dow is connected gait for a astir 0.4% slide.
On the different hand, S&P 500 Equal Weight Index is virtually unchanged connected the week.
What Wall Street expects from Fed Chair Powell's large Jackson Hole code
Federal Reserve Chair Jerome Powell is acceptable to present what astir surely volition beryllium his past keynote code astatine the cardinal bank's yearly conclave during 1 of the astir tumultuous times successful its history.
What's astatine involvement is the near-term sentiment for fiscal markets, the longer-term way of the Fed's argumentation trajectory, and a not insignificant dose of trying to sphere vestiges of independency astatine a clip erstwhile the usually sacrosanct instauration is facing tremendous governmental pressure.
Read the afloat communicative here.
— Jeff Cox
Stocks making the biggest moves aft hours
Check retired the companies making headlines aft hours.
Intuit — Shares dropped astir 6% adjacent aft the fiscal exertion institution reported fiscal fourth-quarter results that topped Wall Street's expectations. Intuit reported adjusted net of $2.75 per stock connected gross of $3.83 billion. Analysts polled by LSEG had expected net per stock of $2.66 connected gross of $3.75 billion.
Workday — The banal slid astir 6%. The quality resources bundle institution said it sees third-quarter subscription gross coming successful astatine $2.24 billion, successful enactment with analysts' expectations, per StreetAccount. Third-quarter adjusted operating borderline is expected to beryllium 28.0%, conscionable somewhat beneath the StreetAccount statement telephone for 28.1%.
Read the afloat database here.
— Sarah Min
Stock futures unfastened small changed Thursday nighttime
Stock futures opened small changed Thursday night.
Dow Jones Industrial Average futures roseate 65 points, oregon 0.1%. S&P 500 futures and Nasdaq 100 futures each added astir 0.1%.
— Sarah Min
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