US stock futures stalled on Wednesday after markets’ roaring comeback hit the buffers, as investors waited for Federal Reserve minutes and jobs data revisions likely to shape bets for interest-rate cuts.
S&P 500 futures (ES=F) were little changed after the benchmark index closed slightly lower to snap an eight-day winning streak. Futures on the Dow Jones Industrial Average (YM=F) and the tech-heavy Nasdaq 100 (NQ=F) also hovered around the flatline.
Stocks’ recovery from an early August sell-off is faltering as focus intensifies on the labor market as a factor in the Fed’s policy making, given inflation seems to be subsiding.
Investors are treading cautiously ahead of Jerome Powell’s appearance at the Jackson Hole symposium on Friday. Expectations for a September rate cut are running high, and his comments will be closely watched for signs a 0.5% reduction is on the table.
Meanwhile, the…
