Things to Know Before the Stock Market Opens

[Amara]

1. Reversing Course: Stock futures are up Friday after a down day, with the Dow Jones, S&P 500, and Nasdaq seeing losses on Thursday. The Nasdaq is slightly negative for the week, while the Dow and S&P are holding onto weekly gains.
2. Powell Speech: Federal Reserve Chair Jerome Powell will speak at 10 a.m. ET during the Fed’s annual gathering in Jackson Hole. Investors are watching for insights into potential policy changes, especially a possible rate cut in September.
3. Home Sales: July saw a 1.3% increase in home sales, marking the first rise in five months. Despite this, sales remain sluggish, though there are signs of improved affordability and more choices for buyers.
4. New Covid Shots: The FDA has approved updated Covid-19 vaccines from Pfizer and Moderna that target current virus strains. These new vaccines could be available in the coming days, and health officials are urging eligible individuals to get vaccinated.
5. Robo Rideshare: Uber is partnering with GM's Cruise to offer driverless rides on its platform starting next year. This collaboration aims to advance urban mobility, although specific details on the launch are still undisclosed.